Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-60 - Chapter 60 Reorganization of Mutual Insurers (500.6001...500.6031)

Section 500.6001 - Definitions. - Sec. 6001. As used in this chapter: (a) "Converted company"...

Section 500.6003 - Reorganization of Mutual Company; Formation. - Sec. 6003. (1) Upon approval of the commissioner, a mutual...

Section 500.6005 - Reorganization Plan; Adoption; Amendment; Withdrawal. - Sec. 6005. (1) A mutual company seeking to reorganize to...

Section 500.6007 - Reorganization Plan; Contents. - Sec. 6007. A plan of reorganization shall include all of...

Section 500.6009 - Reorganization Plan; Operation and Support of Closed Block of Business. - Sec. 6009. (1) A plan of reorganization shall provide that...

Section 500.6011 - Reorganization Plan; Filing of Documents; Hearing; Approval or Disapproval of Plan by Commissioner; Conditions for Approval; Retention and Assistance of Qualified Expert. - Sec. 6011. (1) After adoption by the mutual company's board...

Section 500.6013 - Reorganization Plan; Membership Meeting; Notice; Quorum; Vote; Proxy; Voter Eligibility. - Sec. 6013. (1) All eligible members shall be given notice...

Section 500.6015 - Documents to Be Filed After Plan Approval. - Sec. 6015. After the eligible members have approved a plan...

Section 500.6017 - Mutual Holding Company; Articles of Incorporation. - Sec. 6017. (1) Adoption of articles of incorporation for the...

Section 500.6019 - Reorganization Plan; Conditions for Plan to Take Effect. - Sec. 6019. (1) A plan becomes effective when the commissioner...

Section 500.6023 - Membership Interest in Mutual Holding Company. - Sec. 6023. (1) No member of a mutual holding company...

Section 500.6025 - Mutual Holding Company; Powers and Duties. - Sec. 6025. (1) A mutual holding company has the same...

Section 500.6027 - Transfer, Assignment, or Diversion of Business From Converted Business. - Sec. 6027. Without the commissioner's prior approval, neither the converted...

Section 500.6029 - Receipt of Fee, Commission, or Other Consideration; Payment of Costs and Expenses. - Sec. 6029. (1) A director, officer, agent, or employee of...

Section 500.6031 - Substantial Compliance With Notice Requirements; Commencement of Action Challenging Validity of Certain Acts or Commissioner's Decision. - Sec. 6031. (1) If a mutual company complies substantially and...