Michigan Compiled Laws
218-1956-41 - Chapter 41 Modified Guaranteed Annuities (500.4101...500.4127)
Section 500.4127 - License to Sell Variable Annuities Required to Sell Modified Guaranteed Annuity Contracts.

Sec. 4127.
A person, corporation, partnership, or other legal entity shall not sell or offer for sale in this state any modified guaranteed annuity contract unless licensed to sell variable annuities under this act.
History: Add. 1991, Act 85, Imd. Eff. July 18, 1991 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)

218-1956-41 - Chapter 41 Modified Guaranteed Annuities (500.4101...500.4127)

Section 500.4101 - Definitions.

Section 500.4103 - Delivery or Issuance by Insurer of Modified Guaranteed Annuity; Conditions.

Section 500.4105 - Sales and Advertising Material; Illustrations of Benefits Payable; Prospectus.

Section 500.4107 - Separate Account Annual Statement and Other Information to Be Submitted to Commissioner.

Section 500.4109 - Disapproval by Commissioner of Filed Material.

Section 500.4111 - Filing Requirements.

Section 500.4113 - Modified Guaranteed Annuity Contract; Required Provisions; Market-Value Adjustment Formula.

Section 500.4115 - Nonapplicability of Section; Required Provisions; Minimum Values of Paid-Up Annuity, Cash Surrender, or Death Benefits Available Under Modified Guaranteed Annuity Contract; Nonforfeiture Amounts; Percentages of Net Considerations.

Section 500.4117 - Application for Modified Guaranteed Annuity.

Section 500.4119 - Reserve Liabilities.

Section 500.4121 - Modified Guaranteed Annuity Separate Accounts.

Section 500.4123 - Annual Report.

Section 500.4125 - Compliance With Law or Regulation in Place of Domicile of Foreign Insurer as Compliance With This Chapter.

Section 500.4127 - License to Sell Variable Annuities Required to Sell Modified Guaranteed Annuity Contracts.