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Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)
Law
Michigan Compiled Laws
Insurance Code of 1956
218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)
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Section
500.402
Insurers; Certificate of Authority Requirement.
Section
500.402a
Transactions of Insurance Requiring Certificate of Authority.
Section
500.402b
Transactions of Insurance Not Requiring Certificate of Authority.
Section
500.402c
Motor Vehicle Rental Company; Insurance Transaction; Definitions.
Section
500.403
Insurers; Authorization to Do Business.
Section
500.404
Insurers; Financial Conditions; Compliance Required.
Section
500.405
Foreign Insurer; Revocation of Certificate of Authority; Conditions; Requalification for Certificate of Authority if Control Acquired; Determination.
Section
500.405a
Insurer Subject to Delinquency Proceedings; Revocation of Certificate of Authority; Conditions.
Section
500.405b
Requalification Pursuant to MCL 500.405 or 500.405a; Formal Review.
Section
500.406
Foreign Insurer; Limitation on Corporate Purposes and Powers; Election of Statute; Denial of Admission or Authority; Continuation of License to Transact Insurance Business Previously Authorized; Exception.
Section
500.407
Authorization to Transact Kinds of Insurance; Exceptions.
Section
500.407a
Noninsured Benefit Plan; Offering and Writing Excess Loss Insurance; Definition; Authority of Insurer Not Limited.
Section
500.408
Insurers; Capital, Surplus, or Asset Requirement; Schedule; Multiple Lines; Provisions for Transacting Certain Insurance; Applicability of Section; Compliance With MCL 500.403.
Section
500.410
Minimum Amount of Unimpaired Capital and Surplus; Minimum Amount and Use of Additional Surplus; Transacting Life Insurance or Property Insurance; Continuing to Transact Insurance; Transacting Legal Expense Insurance; Compliance With MCL 500.403.
Section
500.410a
Bail Bond Surety and Fidelity Insurance Company; Authority to Transact Insurance.
Section
500.411
Deposits Required to Transact Insurance.
Section
500.412
Procedure for Becoming Domestic Insurer.
Section
500.413
Transfer of Domicile of Domestic Insurer to Another State; Effect of Transfer; Approval of Transfer; “u.s. Branch” Defined.
Section
500.414
Certificate of Authority, Agent's Appointments, Licenses, Rates, and Other Items of Transferring Insurer Continue in Full Force and Effect; Outstanding Policies Remain in Full Force and Effect; Filing New or Existing Policy Forms; Notice of Proposed Transfer; Filing Amendments to Corporate Documents.
Section
500.415
Rules.
Section
500.416
Special Deposit.
Section
500.417
Repealed. 1966, Act 137, Eff. Mar. 10, 1967.
Section
500.418
Identification of Payers Subject to Child Support Arrearages; "Title Iv-D Agency" Defined.
Section
500.422
Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.
Section
500.424
Admission of Foreign or Alien Insurer to State; Application; Report of Financial Standing; Issuance of Certificate of Authority; Filing Fees.
Section
500.425
500.426 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section
500.430
Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section
500.431
Definitions.
Section
500.431a
State of Entry by Alien Insurer Through u.s. Branch; Requirements.
Section
500.431b
u.s. Branch Using State as State of Entry to Transact Insurance; Compliance.
Section
500.431c
Trusteed Assets; Value.
Section
500.432
Trust Agreement and Amendments; Authentication; Withdrawal of Approval; Form; Hearing; Modifications or Variations; Contents and Provisions of Trust Agreement; Withdrawal of Trusteed Assets in Another State; Notice; Examination by Commissioner; Effect of Refusal or Neglect to Comply With Subsection (8); Review.
Section
500.432a
Certificate of Authority to Do Business; Issuance or Amendment to u.s. Branch; Proof That Insurer Will Not Violate Act or Charter; Noncompliance.
Section
500.433
Trusteed Assets Below Minimum Required; Proceeding Against Alien Insurer.
Section
500.434
Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.
Section
500.435
Certificate of Authority as Evidence of Authority to Transact Insurance; Duration of Certificate; Certificate as Property of State; Prerequisites to Termination of Certificate.
Section
500.436
Conditions for Suspension, Revocation, or Limitation of Certificate of Authority; "Insurer" Defined.
Section
500.436a
Continuing Operation of Insurer Transacting Insurance in State or Nonprofit Dental Corporation Operating Under MCL 550.351 to 550.373; Standards; Subscription to Private Rating Organization Not Required; Determination of Financial Condition; Issuance of Order by Director; Hearing Requested by Insurer.
Section
500.436b
Certificate of Authority Limited by Order of Commissioner.
Section
500.437
Proceeding for Suspension, Revocation, or Limitation of Certificate of Authority; Notice; Imposition of Conditions in Order of Limitation.
Section
500.438
Annual Statement; Filing; Extensions; Format and Content; Reply to Inquiries; Availability of Report to Public; Penalty for Failure to File Statement or Reply to Inquiry; Statement of Alien Insurer; "u.s. Branch" Defined.
Section
500.438a
Domestic, Foreign, and Alien Insurers; Filing Annual Statement With National Association of Insurance Commissioners; Foreign Insurers Considered in Compliance With Section; Agents of Commissioner; Confidentiality of Information.
Section
500.439
Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section
500.440
Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.
Section
500.440a
Credit Against Tax Imposed by MCL 500.476a; Claim; Refund; Retroactive Application.
Section
500.441
500.442 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.
Section
500.443
Foreign Insurer; Payment of Quarterly Installments of Estimated Tax; Filing Statement With Revenue Commissioner.
Section
500.444
Collection of Delinquent Taxes With Interest or Penalty.
Section
500.445
Delinquency as Bar to Granting Certificate of Authority.
Section
500.446
Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.
Section
500.448
500.449 - Repealed. 1975, Act 232, Eff. July 2, 1976.
Section
500.450
Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.
Section
500.451
Taxes on Unauthorized Insurers; Regulatory Fee; Payment; Delinquency.
Section
500.454
Name of Insurer.
Section
500.456
Legal Process Served on Resident Agent Effective as Personal Service on Company, Association, or Group; Stipulation; Filing Copy of Appointment; Fee; Duration of Appointment; Service of Process.
Section
500.457
Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section
500.460
Insurance Producer to Write or Place Insurance Policies.
Section
500.462
Signature of Insurance Producer on Application for Life or Disability Insurance.
Section
500.464
Additional Deposits by Domestic Insurers.
Section
500.470
Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section
500.476
Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.
Section
500.476a
Alien or Foreign Insurers; Deposit of Securities or Making Certain Payments; Computation; Revocation of Certificate of Authority; Purpose of Section; Domestic Insurer Owned or Controlled by Alien or Foreign Insurer; Domestic Insurer as Alien or Foreign Insurer; Compliance; Taxes Subject to MCL 208.22d or MCL 208.1243; Administration of Tax; Disclosure of Tax Return.
Section
500.476b
Taxes to Which Authorized Insurer Subject.
Section
500.476c
Repealed. 1993, Act 200, Eff. Dec. 28, 1994.
Section
500.478
Naic Report of Activities.
Section
500.479
Imposition of Fee by Naic.
Section
500.480
Definitions.