There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - CHAPTER 11A REINSURANCE INTERMEDIARIES (500.1151...500.1171)
| Act 218 of 1956 REINSURANCE INTERMEDIARIES |
| Document | Description |
| Section 500.1151 | Definitions. |
| Section 500.1153 | Person acting as reinsurance intermediary-broker; bond; license; nonresident; service of process; refusal to issue license. |
| Section 500.1155 | Transactions between reinsurance intermediary-broker and insurer; authorization. |
| Section 500.1157 | Record of transaction. |
| Section 500.1159 | Person acting as reinsurance-broker; license required; employment of individual employed by reinsurance intermediary-broker; annual copy of statements of financial condition. |
| Section 500.1161 | Transactions between reinsurance intermediary-manager and reinsurer; contract. |
| Section 500.1163 | Reinsurance intermediary-manager; prohibited conduct. |
| Section 500.1165 | Reinsurance intermediary-manager; license required; obtaining annual copy of statement of financial condition and opinion of actuary; authority for retrocessional contracts or participation in reinsurance syndicates; termination of contract; appointment to board of directors. |
| Section 500.1167 | Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records. |
| Section 500.1169 | Violation; penalties. |
| Section 500.1171 | Reinsurance intermediary; use of services. |
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