Michigan Compiled Laws
218-1956-11 - Chapter 11 Reinsurance (500.1101...500.1127)
Section 500.1121 - Applicability of MCL 500.1123 to 500.1127 to Certain Insurers.

Sec. 1121.
The provisions of sections 1123 through 1127 apply to all life and disability insurers and also apply to licensed property and casualty insurers with respect to their disability insurance business. Sections 1123 through 1127 do not apply to assumption reinsurance, yearly renewable term reinsurance, or certain nonproportional reinsurance such as excess or catastrophe reinsurance.
History: Add. 1994, Act 226, Imd. Eff. June 27, 1994 Popular Name: Act 218

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)

218-1956-11 - Chapter 11 Reinsurance (500.1101...500.1127)

Section 500.1101 - “Qualified United States Financial Institution” Defined.

Section 500.1103 - Credit for Reinsurance as Asset or Reduction From Liability; Accredited Reinsurer; Trust Fund; Requirements; Report to Director; Certified Reinsurer Requirements; Obligation to Arbitrate; Trust Agreement; List of Reciprocal Jurisdi...

Section 500.1105 - Reduction From Liability by Ceding Insurer to Assuming Insurer Not Meeting Requirements of MCL 500.1103; Security.

Section 500.1106 - Rules.

Section 500.1108-500.1120 - Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.