Michigan Compiled Laws
218-1956-4 - Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)
Section 500.403 - Insurers; Authorization to Do Business.

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

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

218-1956-4 - Chapter 4 Authorization of Insurers and General Requirements (500.402...500.480)

Section 500.402 - Insurers; Certificate of Authority Requirement.

Section 500.402a - Transactions of Insurance Requiring Certificate of Authority.

Section 500.402b - Transactions of Insurance Not Requiring Certificate of Authority.

Section 500.402c - Motor Vehicle Rental Company; Insurance Transaction; Definitions.

Section 500.403 - Insurers; Authorization to Do Business.

Section 500.404 - Insurers; Financial Conditions; Compliance Required.

Section 500.405 - Foreign Insurer; Revocation of Certificate of Authority; Conditions; Requalification for Certificate of Authority if Control Acquired; Determination.

Section 500.405a - Insurer Subject to Delinquency Proceedings; Revocation of Certificate of Authority; Conditions.

Section 500.405b - Requalification Pursuant to MCL 500.405 or 500.405a; Formal Review.

Section 500.406 - Foreign Insurer; Limitation on Corporate Purposes and Powers; Election of Statute; Denial of Admission or Authority; Continuation of License to Transact Insurance Business Previously Authorized; Exception.

Section 500.407 - Authorization to Transact Kinds of Insurance; Exceptions.

Section 500.407a - Noninsured Benefit Plan; Offering and Writing Excess Loss Insurance; Definition; Authority of Insurer Not Limited.

Section 500.408 - Insurers; Capital, Surplus, or Asset Requirement; Schedule; Multiple Lines; Provisions for Transacting Certain Insurance; Applicability of Section; Compliance With MCL 500.403.

Section 500.410 - Minimum Amount of Unimpaired Capital and Surplus; Minimum Amount and Use of Additional Surplus; Transacting Life Insurance or Property Insurance; Continuing to Transact Insurance; Transacting Legal Expense Insurance; Compliance With...

Section 500.410a - Bail Bond Surety and Fidelity Insurance Company; Authority to Transact Insurance.

Section 500.411 - Deposits Required to Transact Insurance.

Section 500.412 - Procedure for Becoming Domestic Insurer.

Section 500.413 - Transfer of Domicile of Domestic Insurer to Another State; Effect of Transfer; Approval of Transfer; “u.s. Branch” Defined.

Section 500.414 - Certificate of Authority, Agent's Appointments, Licenses, Rates, and Other Items of Transferring Insurer Continue in Full Force and Effect; Outstanding Policies Remain in Full Force and Effect; Filing New or Existing Policy Forms; N...

Section 500.415 - Rules.

Section 500.416 - Special Deposit.

Section 500.417 - Repealed. 1966, Act 137, Eff. Mar. 10, 1967.

Section 500.418 - Identification of Payers Subject to Child Support Arrearages; "Title Iv-D Agency" Defined.

Section 500.422 - Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.

Section 500.424 - Admission of Foreign or Alien Insurer to State; Application; Report of Financial Standing; Issuance of Certificate of Authority; Filing Fees.

Section 500.425, 500.426 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.

Section 500.430 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.

Section 500.431 - Definitions.

Section 500.431a - State of Entry by Alien Insurer Through u.s. Branch; Requirements.

Section 500.431b - u.s. Branch Using State as State of Entry to Transact Insurance; Compliance.

Section 500.431c - Trusteed Assets; Value.

Section 500.432 - Trust Agreement and Amendments; Authentication; Withdrawal of Approval; Form; Hearing; Modifications or Variations; Contents and Provisions of Trust Agreement; Withdrawal of Trusteed Assets in Another State; Notice; Examination by C...

Section 500.432a - Certificate of Authority to Do Business; Issuance or Amendment to u.s. Branch; Proof That Insurer Will Not Violate Act or Charter; Noncompliance.

Section 500.433 - Trusteed Assets Below Minimum Required; Proceeding Against Alien Insurer.

Section 500.434 - Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.

Section 500.435 - Certificate of Authority as Evidence of Authority to Transact Insurance; Duration of Certificate; Certificate as Property of State; Prerequisites to Termination of Certificate.

Section 500.436 - Conditions for Suspension, Revocation, or Limitation of Certificate of Authority; "Insurer" Defined.

Section 500.436a - Continuing Operation of Insurer Transacting Insurance in State or Nonprofit Dental Corporation Operating Under MCL 550.351 to 550.373; Standards; Subscription to Private Rating Organization Not Required; Determination of Financial...

Section 500.436b - Certificate of Authority Limited by Order of Commissioner.

Section 500.437 - Proceeding for Suspension, Revocation, or Limitation of Certificate of Authority; Notice; Imposition of Conditions in Order of Limitation.

Section 500.438 - Annual Statement; Filing; Extensions; Format and Content; Reply to Inquiries; Availability of Report to Public; Penalty for Failure to File Statement or Reply to Inquiry; Statement of Alien Insurer; "u.s. Branch" Defined.

Section 500.438a - Domestic, Foreign, and Alien Insurers; Filing Annual Statement With National Association of Insurance Commissioners; Foreign Insurers Considered in Compliance With Section; Agents of Commissioner; Confidentiality of Information.

Section 500.439 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.

Section 500.440 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Section 500.440a - Credit Against Tax Imposed by MCL 500.476a; Claim; Refund; Retroactive Application.

Section 500.441, 500.442 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Section 500.443 - Foreign Insurer; Payment of Quarterly Installments of Estimated Tax; Filing Statement With Revenue Commissioner.

Section 500.444 - Collection of Delinquent Taxes With Interest or Penalty.

Section 500.445 - Delinquency as Bar to Granting Certificate of Authority.

Section 500.446 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Section 500.448, 500.449 - Repealed. 1975, Act 232, Eff. July 2, 1976.

Section 500.450 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Section 500.451 - Taxes on Unauthorized Insurers; Regulatory Fee; Payment; Delinquency.

Section 500.454 - Name of Insurer.

Section 500.456 - Legal Process Served on Resident Agent Effective as Personal Service on Company, Association, or Group; Stipulation; Filing Copy of Appointment; Fee; Duration of Appointment; Service of Process.

Section 500.457 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.

Section 500.460 - Insurance Producer to Write or Place Insurance Policies.

Section 500.462 - Signature of Insurance Producer on Application for Life or Disability Insurance.

Section 500.464 - Additional Deposits by Domestic Insurers.

Section 500.470 - Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.

Section 500.476 - Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Section 500.476a - Alien or Foreign Insurers; Deposit of Securities or Making Certain Payments; Computation; Revocation of Certificate of Authority; Purpose of Section; Domestic Insurer Owned or Controlled by Alien or Foreign Insurer; Domestic Insure...

Section 500.476b - Taxes to Which Authorized Insurer Subject.

Section 500.476c - Repealed. 1993, Act 200, Eff. Dec. 28, 1994.

Section 500.478 - Naic Report of Activities.

Section 500.479 - Imposition of Fee by Naic.

Section 500.480 - Definitions.