Michigan Compiled Laws
218-1956-60 - Chapter 60 Reorganization of Mutual Insurers (500.6001...500.6031)
Section 500.6015 - Documents to Be Filed After Plan Approval.

Sec. 6015.
After the eligible members have approved a plan of reorganization, the converted company shall file all of the following documents with the commissioner:
(a) The minutes of the members' meeting at which the plan of reorganization was voted upon.
(b) The articles and bylaws of the mutual holding company and each intermediate holding company, if any, and the revised articles of incorporation and bylaws of the converted company.
History: Add. 2000, Act 8, Imd. Eff. Feb. 25, 2000 Compiler's Notes: Former Chapter 60, being MCL 500.6000-500.6034, was repealed by Act 256 of 1964, Eff. Aug. 28, 1964.Popular Name: Act 218

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)

218-1956-60 - Chapter 60 Reorganization of Mutual Insurers (500.6001...500.6031)

Section 500.6001 - Definitions.

Section 500.6003 - Reorganization of Mutual Company; Formation.

Section 500.6005 - Reorganization Plan; Adoption; Amendment; Withdrawal.

Section 500.6007 - Reorganization Plan; Contents.

Section 500.6009 - Reorganization Plan; Operation and Support of Closed Block of Business.

Section 500.6011 - Reorganization Plan; Filing of Documents; Hearing; Approval or Disapproval of Plan by Commissioner; Conditions for Approval; Retention and Assistance of Qualified Expert.

Section 500.6013 - Reorganization Plan; Membership Meeting; Notice; Quorum; Vote; Proxy; Voter Eligibility.

Section 500.6015 - Documents to Be Filed After Plan Approval.

Section 500.6017 - Mutual Holding Company; Articles of Incorporation.

Section 500.6019 - Reorganization Plan; Conditions for Plan to Take Effect.

Section 500.6023 - Membership Interest in Mutual Holding Company.

Section 500.6025 - Mutual Holding Company; Powers and Duties.

Section 500.6027 - Transfer, Assignment, or Diversion of Business From Converted Business.

Section 500.6029 - Receipt of Fee, Commission, or Other Consideration; Payment of Costs and Expenses.

Section 500.6031 - Substantial Compliance With Notice Requirements; Commencement of Action Challenging Validity of Certain Acts or Commissioner's Decision.