Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-4 - Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)

Section 500.402 - Insurers; Certificate of Authority Requirement. - Sec. 402. A person shall not act as an insurer...

Section 500.402a - Transactions of Insurance Requiring Certificate of Authority. - Sec. 402a. In this state, the following transactions of insurance,...

Section 500.402b - Transactions of Insurance Not Requiring Certificate of Authority. - Sec. 402b. In this state, the following constitute transactions of...

Section 500.402c - Motor Vehicle Rental Company; Insurance Transaction; Definitions. - Sec. 402c. (1) A certificate of authority to transact insurance...

Section 500.403 - Insurers; Authorization to Do Business. - Sec. 403. A domestic, foreign, or alien insurer shall not...

Section 500.404 - Insurers; Financial Conditions; Compliance Required. - Sec. 404. Every like domestic, foreign, or alien insurer doing...

Section 500.405 - Foreign Insurer; Revocation of Certificate of Authority; Conditions; Requalification for Certificate of Authority if Control Acquired; Determination. - Sec. 405. (1) Except as provided in subsection (2), the...

Section 500.405a - Insurer Subject to Delinquency Proceedings; Revocation of Certificate of Authority; Conditions. - Sec. 405a. If an insurer is subject in its state...

Section 500.405b - Requalification Pursuant to MCL 500.405 or 500.405a; Formal Review. - Sec. 405b. An insurer that seeks requalification pursuant to sections...

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. - Sec. 406. (1) A foreign insurer shall not be admitted...

Section 500.407 - Authorization to Transact Kinds of Insurance; Exceptions. - Sec. 407. An insurer that otherwise qualifies to transact insurance...

Section 500.407a - Noninsured Benefit Plan; Offering and Writing Excess Loss Insurance; Definition; Authority of Insurer Not Limited. - Sec. 407a. (1) An insurer authorized to write insurance described...

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. - Sec. 408. (1) To qualify for authority to transact insurance...

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... - Sec. 410. (1) To qualify for and maintain authority to...

Section 500.410a - Bail Bond Surety and Fidelity Insurance Company; Authority to Transact Insurance. - Sec. 410a. (1) To qualify for and maintain authority to...

Section 500.411 - Deposits Required to Transact Insurance. - Sec. 411. (1) To qualify for and maintain authority to...

Section 500.412 - Procedure for Becoming Domestic Insurer. - Sec. 412. (1) An insurer organized under the laws of...

Section 500.413 - Transfer of Domicile of Domestic Insurer to Another State; Effect of Transfer; Approval of Transfer; “u.s. Branch” Defined. - Sec. 413. (1) Upon the approval of the commissioner, a...

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; N... - Sec. 414. The certificate of authority, agent's appointments, licenses, rates,...

Section 500.415 - Rules. - Sec. 415. The commissioner shall promulgate rules pursuant to the...

Section 500.416 - Special Deposit. - Sec. 416. As a condition of qualifying for and maintaining...

Section 500.417 - Repealed. 1966, Act 137, Eff. Mar. 10, 1967. - Compiler's Notes: The repealed section made provisions of code pertaining...

Section 500.418 - Identification of Payers Subject to Child Support Arrearages; "Title Iv-D Agency" Defined. - Sec. 418. (1) An insurer may voluntarily cooperate with a...

Section 500.422 - Repealed. 1994, Act 226, Imd. Eff. June 27, 1994. - Compiler's Notes: The repealed section pertained to competition agreements by...

Section 500.424 - Admission of Foreign or Alien Insurer to State; Application; Report of Financial Standing; Issuance of Certificate of Authority; Filing Fees. - Sec. 424. (1) A foreign or alien insurer shall not...

Section 500.425, 500.426 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. - Compiler's Notes: The repealed sections pertained to admission of foreign...

Section 500.430 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. - Compiler's Notes: The repealed section pertained to a foreign or...

Section 500.431 - Definitions. - Sec. 431. As used in sections 432 through 434: (a)...

Section 500.431a - State of Entry by Alien Insurer Through u.s. Branch; Requirements. - Sec. 431a. (1) An alien insurer may use this state...

Section 500.431b - u.s. Branch Using State as State of Entry to Transact Insurance; Compliance. - Sec. 431b. A U.S. branch using this state as a...

Section 500.431c - Trusteed Assets; Value. - Sec. 431c. The assets in the trust accounts shall be...

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 C... - Sec. 432. (1) The trust agreement and all amendments to...

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. - Sec. 432a. (1) Before issuing or amending a certificate of...

Section 500.433 - Trusteed Assets Below Minimum Required; Proceeding Against Alien Insurer. - Sec. 433. If it appears to the commissioner from any...

Section 500.434 - Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973. - Compiler's Notes: The repealed section pertained to grounds for revocation...

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. - Sec. 435. (1) The certificate of authority issued by the...

Section 500.436 - Conditions for Suspension, Revocation, or Limitation of Certificate of Authority; "Insurer" Defined. - Sec. 436. (1) The director may suspend, revoke, or limit...

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... - Sec. 436a. (1) In addition to any other relevant standards,...

Section 500.436b - Certificate of Authority Limited by Order of Commissioner. - Sec. 436b. If the commissioner finds on the basis of...

Section 500.437 - Proceeding for Suspension, Revocation, or Limitation of Certificate of Authority; Notice; Imposition of Conditions in Order of Limitation. - Sec. 437. (1) A proceeding to suspend, revoke, or limit...

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. - Sec. 438. (1) An insurer, foreign, alien, U.S. branch, or...

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. - Sec. 438a. (1) Each domestic, foreign, and alien insurer authorized...

Section 500.439 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. - Compiler's Notes: The repealed section pertained to reciprocal insurers, annual...

Section 500.440 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. - Compiler's Notes: The repealed section pertained to specific premium tax...

Section 500.440a - Credit Against Tax Imposed by MCL 500.476a; Claim; Refund; Retroactive Application. - Sec. 440a. (1) Beginning August 3, 1987, an insurer that...

Section 500.441, 500.442 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. - Compiler's Notes: The repealed sections pertained to tax on premiums,...

Section 500.443 - Foreign Insurer; Payment of Quarterly Installments of Estimated Tax; Filing Statement With Revenue Commissioner. - Sec. 443. (1) Before April 30, July 31, October 31,...

Section 500.444 - Collection of Delinquent Taxes With Interest or Penalty. - Sec. 444. The taxes prescribed in this code may be...

Section 500.445 - Delinquency as Bar to Granting Certificate of Authority. - Sec. 445. A certificate of authority shall not be granted...

Section 500.446 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. - Compiler's Notes: The repealed section pertained to premium tax on...

Section 500.448, 500.449 - Repealed. 1975, Act 232, Eff. July 2, 1976. - Compiler's Notes: The repealed sections pertained to privilege fees of...

Section 500.450 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. - Compiler's Notes: The repealed section pertained to penalty for delinquency...

Section 500.451 - Taxes on Unauthorized Insurers; Regulatory Fee; Payment; Delinquency. - Sec. 451. Any unauthorized insurer transacting insurance in this state...

Section 500.454 - Name of Insurer. - Sec. 454. (1) Except as otherwise provided in this section,...

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. - Sec. 456. (1) Every insurance company, association, risk retention group,...

Section 500.457 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. - Compiler's Notes: The repealed section pertained to service of process...

Section 500.460 - Insurance Producer to Write or Place Insurance Policies. - Sec. 460. Except as otherwise provided in section 1202, an...

Section 500.462 - Signature of Insurance Producer on Application for Life or Disability Insurance. - Sec. 462. Except as otherwise provided in this section, an...

Section 500.464 - Additional Deposits by Domestic Insurers. - Sec. 464. (1) Whenever a domestic insurer desiring to do...

Section 500.470 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992. - Compiler's Notes: The repealed section pertained to deficiency in life...

Section 500.476 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987. - Compiler's Notes: The repealed section pertained to deposit of securities...

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 Insure... - Sec. 476a. (1) Beginning August 3, 1987, whenever, by a...

Section 500.476b - Taxes to Which Authorized Insurer Subject. - Sec. 476b. Authorized insurers are subject to the tax as...

Section 500.476c - Repealed. 1993, Act 200, Eff. Dec. 28, 1994. - Compiler's Notes: The repealed section pertained to payment of fee...

Section 500.478 - Naic Report of Activities. - Sec. 478. (1) On or before October 1 of each...

Section 500.479 - Imposition of Fee by Naic. - Sec. 479. (1) An insurer domiciled in this state and...

Section 500.480 - Definitions. - Sec. 480. As used in sections 478 and 479: (a)...

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Michigan Compiled Laws Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302) 218-1956-4 - Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)

Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-4 - Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)