Main Content 218-1956-54 friendly link printer friendly mcl index link Search within this Statute for 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.