Sec. 6422.
Every person insured in any insurer organized under this chapter shall be a member of such insurer, and shall be entitled to 1 vote at all meetings of the members, and may vote in person or by proxy under such rules and regulations as may be provided in the bylaws of such insurer: Provided, however, That a minimum of 10 members shall be present in person to constitute a quorum. The books of such insurer shall be open for inspection by any member of such insurer at any of its meetings.
History: 1956, Act 218, Eff. Jan. 1, 1957 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)
218-1956-64 - Chapter 64 Cooperative Plan Insurers (Domestic) (500.6400...500.6460)
Section 500.6400 - Scope of Chapter.
Section 500.6402 - Domestic Cooperative Plan Insurers; Organization.
Section 500.6406 - Domestic Cooperative Plan Insurers; Authorized Kinds of Insurance.
Section 500.6414 - Domestic Cooperative Plan Insurers; Qualifications to Write Group Insurance.
Section 500.6422 - Domestic Cooperative Plan Insurers; Members; Voting; Quorum; Inspection of Books.
Section 500.6428 - Insurer Transacting Business Under MCL 500.6406 Subject to Certain Provisions.
Section 500.6432 - Domestic Cooperative Plan Insurers; Reserves; Standards Applicable.
Section 500.6434 - Contingency Reserve; Deposit.
Section 500.6436 - Domestic Cooperative Plan Insurers; Unlawful Use of Reserve Funds; Penalty.
Section 500.6450 - Guaranty Fund; Agreement; Terms; Repayment; Other Borrowed Money.
Section 500.6456 - Domestic Cooperative Plan Insurers; Conversion Into Mutual Insurer; Procedure.
Section 500.6460 - New Insurers Organized After December 31, 1993.