2006 Michigan Compiled Laws - CHAPTER 11 REINSURANCE (500.1101...500.1127)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 11
REINSURANCE

DocumentDescription
Section 500.1101"Qualified United States financial institution" defined.
Section 500.1103Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; report to commissioner; assuming insurer not meeting requirements of section or authorized to transact insurance; obligation to arbitrate; trust agreement.
Section 500.1105Reduction from liability by ceding insurer to assuming insurer not meeting requirements of § 500.1103; security.
Section 500.1106-500.1120 Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.
Section 500.1121Applicability of §§ 500.1123 to 500.1127 to certain insurers.
Section 500.1123Reinsurance agreement; conditions prohibiting reduction in liability or establishment of asset; approval of commissioner; filing agreements.
Section 500.1124Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973.
Section 500.1125Reinsurance agreement; use; execution; "reasonable period of time" defined; provisions; assumption of obligations by life and health insurance guaranty association.
Section 500.1127Reinsurance agreements; reduction to zero of certain reserve credits or assets.

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