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Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
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Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


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218-1956-54
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 54
MUTUAL LIFE AND DISABILITY INSURERS (DOMESTIC)

DocumentTypeDescription
Section 500.5400SectionScope of chapter.
Section 500.5402SectionDomestic mutual insurers; formation; reorganization.
Section 500.5403SectionMutual holding company as domestic mutual insurance company.
Section 500.5408SectionPrerequisites to granting certificate of authority.
Section 500.5412SectionDeficiency in insurance or membership; procedure.
Section 500.5416SectionMutual life insurer; extension of powers; procedure.
Section 500.5420SectionMutual life and disability insurers; amendment, adoption, and approval of bylaws.
Section 500.5424SectionDirectors and officers; number; election.
Section 500.5430SectionCapital funds; borrowing; repayment.
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