Sec. 1324.
An insurer that is a member of an insurance holding company system and is authorized to do business in this state shall register with the commissioner. A foreign insurer is not required to register if it is subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile that are substantially similar to those contained in this section and sections 1325 to 1343 and that exempt insurers domiciled in this state from the requirements of registration or that permit insurers domiciled in this state to satisfy the registration requirement by filing copies of materials required to be filed under this chapter. An insurer subject to registration under this chapter shall register by May 1 of each year for the immediately preceding calendar year unless the commissioner for good cause shown extends the time for registration. The commissioner may require an authorized insurer that is a member of a holding company system not subject to registration under this section to furnish a copy of the registration statement or other information filed by the insurer with the insurance regulatory authority of domiciliary jurisdiction.
History: Add. 1970, Act 136, Imd. Eff. July 29, 1970 ;-- Am. 1990, Act 85, Imd. Eff. May 29, 1990 ;-- Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-13 - Chapter 13 Holding Companies (500.1301...500.1379)
Section 500.1301 - Insurance Holding Companies; Definitions.
Section 500.1301.amended - Insurance Holding Companies; Definitions.
Section 500.1312 - Statement Filed With Director; Contents; Duties.
Section 500.1314 - Alternative Filing Materials.
Section 500.1316 - Information to Shareholders; Expense; Bond; Examination or Investigation.
Section 500.1317 - Exemptions.
Section 500.1318 - Violations.
Section 500.1319 - Jurisdiction of Actions Arising Out of Violations; Consent to Process.
Section 500.1324 - Insurers Subject to Registration; Time.
Section 500.1325 - Registration Statement; Form; Contents; Other Reports or Information Required.
Section 500.1325a - Annual Enterprise Risk Report.
Section 500.1325a.amended - Annual Enterprise Risk Report.
Section 500.1325b.added - Annual Group Capital Calculation; Filing; Exemption.
Section 500.1325c.added - Liquidity Stress Test Framework; Results; Filing; Compliance With Naic.
Section 500.1326 - Registration Statement; Nonmaterial Information Not Disclosed.
Section 500.1326.amended - Registration Statement; Nonmaterial Information Not Disclosed.
Section 500.1328 - Registration; Termination.
Section 500.1329 - Consolidated Registration Statements.
Section 500.1330 - Registration on Behalf of Affiliated Insurer.
Section 500.1331 - Exemptions.
Section 500.1332 - Petition for Disclaimer of Affiliation; Filing; Contents; Effect; Disallowance.
Section 500.1333 - Registration Statement; Failure to File.
Section 500.1334 - Person Subject to Registration; Providing Information to Insurer.
Section 500.1341a.added - Domestic Insurer Investments; Limitations.
Section 500.1342 - Application of MCL 500.436a.
Section 500.1351 - Examination of Insurer or Affiliates; Information; Experts; Expenses.
Section 500.1357 - Participation of Director in Supervisory College.
Section 500.1361 - Issuance of Rules and Orders.
Section 500.1365 - Injunctions; Violation of Chapter, Rule or Order.
Section 500.1367 - Voting Certain Securities Prohibited; Injunction.
Section 500.1368 - Voting Securities in Violation of Chapter; Sequestration of Securities.
Section 500.1375 - Violation of Chapter; Receivership.
Section 500.1377 - Liquidation or Rehabilitation; Recovery of Certain Distributions or Payments.
Section 500.1379 - Violation of Chapter; Suspension, Revocation or Refusal to Renew License.