Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-55 - Chapter 55 Domestic Stock Insurer Division (500.5500...500.5517)

Section 500.5500 - Definitions. - Sec. 5500. As used in this chapter: (a) "Assets" means...

Section 500.5503 - Domestic Stock Insurer; Division Into 2 or More Insurers; Plan of Division; Requirements; Amendment Procedures; Abandonment of Plan. - Sec. 5503. (1) A domestic stock insurer may, in accordance...

Section 500.5505 - Filing Plan of Division With the Department; Approval by Board of Directors and Shareholders; Effectiveness of Certain Provisions; Reasonable Notice. - Sec. 5505. (1) A domestic stock insurer shall not file...

Section 500.5507 - Notice and Hearing of Plan Required; Approval and Filing With Department; Conditions of Approval; Confidentiality of Certain Financial Information; Payment of Department Expenses; Order. - Sec. 5507. (1) A division does not become effective until...

Section 500.5509 - Certificate of Division; Contents; Effective Date. - Sec. 5509. (1) After a plan of division has been...

Section 500.5511 - Division Effectiveness; Allocation and Distribution of Assets and Liabilities. - Sec. 5511. (1) When a division becomes effective under section...

Section 500.5513 - Responsibilities, Liabilities, and Obligations of Resulting Insurer. - Sec. 5513. (1) Except as otherwise expressly provided in this...

Section 500.5515 - Record Shareholder of Non-Surviving Insurer Right to Dissent and Obtain Payment. - Sec. 5515. If the dividing insurer does not survive the...

Section 500.5517 - Shareholder Right to Dissent and Obtain Payment in Connection With Division; Application of MCL 450.1762 to Shareholder Actions. - Sec. 5517. (1) A shareholder of a dividing insurer is...