Michigan Compiled Laws
218-1956-11A - Chapter 11a Reinsurance Intermediaries (500.1151...500.1171)
Section 500.1171 - Reinsurance Intermediary; Use of Services.

Sec. 1171.
Neither an insurer nor a reinsurer shall continue to use the services of a reinsurance intermediary on or after December 31, 1994 except in compliance with this chapter.
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)

218-1956-11A - Chapter 11a Reinsurance Intermediaries (500.1151...500.1171)

Section 500.1151 - Definitions.

Section 500.1153 - Person Acting as Reinsurance Intermediary-Broker; Bond; License; Nonresident; Service of Process; Refusal to Issue License.

Section 500.1155 - Transactions Between Reinsurance Intermediary-Broker and Insurer; Authorization.

Section 500.1157 - Record of Transaction.

Section 500.1159 - Person Acting as Reinsurance-Broker; License Required; Employment of Individual Employed by Reinsurance Intermediary-Broker; Annual Copy of Statements of Financial Condition.

Section 500.1161 - Transactions Between Reinsurance Intermediary-Manager and Reinsurer; Contract.

Section 500.1163 - Reinsurance Intermediary-Manager; Prohibited Conduct.

Section 500.1165 - Reinsurance Intermediary-Manager; License Required; Obtaining Annual Copy of Statement of Financial Condition and Opinion of Actuary; Authority for Retrocessional Contracts or Participation in Reinsurance Syndicates; Termination of...

Section 500.1167 - Reinsurance Intermediary and Reinsurance Intermediary-Manager; Examination of Books, Bank Accounts, and Records.

Section 500.1169 - Violation; Penalties.

Section 500.1171 - Reinsurance Intermediary; Use of Services.