Sec. 8189.
(1) The commissioner, or any person he or she may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign, or alien insurers, shall have free access to all the books, papers, and documents that relate to the business of the society, and may summon and qualify as witness under oath and examine its officers, agents, and employees or other persons in relation to the affairs, transactions, and condition of the society. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.
(2) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the commissioner.
History: Add. 1990, Act 1, Eff. Apr. 1, 1990 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)
218-1956-81A - Chapter 81a Fraternal Benefit Societies (500.8161...500.8199a)
Section 500.8161 - Definitions.
Section 500.8162 - Society Governed by Chapter; Exemption.
Section 500.8163 - Society as Charitable and Benevolent Institution; Tax Exemption.
Section 500.8164 - Definition of Fraternal Benefit Society.
Section 500.8165 - Society Operating on Lodge System; Requirements; Lodges for Children.
Section 500.8170 - Personal Liability; Indemnification and Reimbursement; Purchase of Insurance.
Section 500.8171 - Waiver of Society's Laws.
Section 500.8173 - Reincorporation Not Required.
Section 500.8174 - Amendment to Laws.
Section 500.8175 - Not for Profit Institution; Purposes; Reporting Real or Personal Property.
Section 500.8176 - Reinsurance Agreement.
Section 500.8178 - Domestic Fraternal Benefit Society as Mutual Life Insurance Company.
Section 500.8179 - Contractual Benefits; Specifying Persons Covered in Rules.
Section 500.8181 - Attachment, Garnishment, or Other Process.
Section 500.8182 - Benefit Contracts.
Section 500.8184 - Investments Generally.
Section 500.8186 - Standards of Valuation for Certificates; Excess Reserves.
Section 500.8187 - Reports; Annual Statement; Valuation of Certificates; Penalty.
Section 500.8189 - Examination of Society.
Section 500.8190 - Foreign or Alien Society; License Required; Compliance; Conditions.
Section 500.8193 - Application or Petition for Injunction; Recognition.
Section 500.8194 - Agent of Society; License Required; Exceptions.
Section 500.8195 - Society Subject to Chapter 20.
Section 500.8196 - Service of Process.
Section 500.8198 - Decisions and Findings of Commissioner; Judicial Review.
Section 500.8199 - Exemptions.
Section 500.8199a - Additional Chapters and Provisions Applicable to Fraternal Benefit Society.