Sec. 5402.
A domestic mutual insurer for the transaction of life insurance, or for the transaction of life and disability insurance, may be formed pursuant to chapter 50 and may be reorganized pursuant to chapters 59 and 60.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 2000, Act 8, Imd. Eff. Feb. 25, 2000 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)
218-1956-54 - Chapter 54 Mutual Life and Disability Insurers (Domestic) (500.5400...500.5430)
Section 500.5400 - Scope of Chapter.
Section 500.5402 - Domestic Mutual Insurers; Formation; Reorganization.
Section 500.5403 - Mutual Holding Company as Domestic Mutual Insurance Company.
Section 500.5408 - Prerequisites to Granting Certificate of Authority.
Section 500.5412 - Deficiency in Insurance or Membership; Procedure.
Section 500.5416 - Mutual Life Insurer; Extension of Powers; Procedure.
Section 500.5420 - Mutual Life and Disability Insurers; Amendment, Adoption, and Approval of Bylaws.
Section 500.5424 - Directors and Officers; Number; Election.