Sec. 6428.
(1) An insurer transacting business under section 6406(1) is subject to section 2260 and chapter 34.
(2) An insurer transacting business under section 6406(2) is subject to section 6616, and all policies must grant the nonforfeiture values under annuity contracts that are required of life insurers under this act.
(3) An insurer transacting business under section 6406(3) is subject to chapters 40 and 42.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 2016, Act 276, Imd. Eff. July 1, 2016 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.