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Michigan Compiled Laws Complete Through PA 19 of 2024
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218-1956-50
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 50
ORGANIZATION OF DOMESTIC STOCK AND MUTUAL INSURERS

DocumentTypeDescription
Section 500.5000SectionScope of chapter.
Section 500.5001SectionCompliance with chapter required.
Section 500.5002SectionOrganization of insurers; definitions.
Section 500.5006SectionStock insurers; formation, number of incorporators required.
Section 500.5008SectionArticles of incorporation; blank forms; subscribing in duplicate; contents; permissible provisions; liability of director; certificate of acknowledgment.
Section 500.5010SectionDuration of corporate existence.
Section 500.5012SectionCorporate name; restrictions.
Section 500.5014SectionPar value of stock; limitations.
Section 500.5020SectionExamination of articles by attorney general; fee.
Section 500.5024SectionSecuring subscribers, stockholders, or members of insurance company; sale of capital stock; required acts of incorporators; authority of commissioner.
Section 500.5028SectionCompletion of organization; issuance of stock certificates; mutual corporation.
Section 500.5036SectionLiability of directors for debts during organization.
Section 500.5040SectionExamination; certificate of authority.
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