Sec. 5403.
A mutual holding company resulting from a reorganization under chapter 60 shall be considered a domestic mutual insurance company under this act except that the mutual holding company shall not be issued a certificate of authority to issue policies or transact the business of insurance.
History: Add. 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.