MCL - 218-1956-11

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 11
REINSURANCE
Document Type Description
Section 500.1101 Section “Qualified United States financial institution” defined.
Section 500.1103 Section Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; requirements; report to director; certified reinsurer requirements; obligation to arbitrate; trust agreement; list of reciprocal jurisdictions; suspension or revocation; hearing; recoverable assets; diversification; member of catastrophic claims association; definitions.
Section 500.1105 Section Reduction from liability by ceding insurer to assuming insurer not meeting requirements of MCL 500.1103; security.
Section 500.1106 Section Rules.
Section 500.1108-500.1120 Section Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.
Section 500.1121 Section Applicability of MCL 500.1123 to 500.1127 to certain insurers.
Section 500.1123 Section Reinsurance agreement; conditions prohibiting reduction in liability or establishment of asset; approval of commissioner; filing agreements.
Section 500.1124 Section Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.
Section 500.1125 Section Reinsurance agreement; use; execution; “reasonable period of time” defined; provisions; assumption of obligations by life and health insurance guaranty association.
Section 500.1127 Section Reinsurance agreements; reduction to zero of certain reserve credits or assets.