2006 Michigan Compiled Laws - CHAPTER 13 HOLDING COMPANIES (500.1301...500.1379)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956 Chapter 13
HOLDING COMPANIES

Document	Description
Section 500.1301	Insurance holding companies; definitions.
Section 500.1305	Domestic insurers; organization or acquisition of subsidiaries; book of business; value; admitted asset; limitation; amortization; annual test; definition; authority of commissioner.
Section 500.1311	Merging with or acquiring control of domestic insurer; statement; filing notification; "domestic insurer" explained.
Section 500.1312	Statement filed with commissioner; contents.
Section 500.1313	Partnership, syndicate or other group; statement filed with commissioner, amendment.
Section 500.1314	Alternative filing materials.
Section 500.1315	Merger or acquisition of control; approval of commissioner; hearing.
Section 500.1316	Information to shareholders; expense; bond; examination or investigation.
Section 500.1317	Exemptions.
Section 500.1318	Violations.
Section 500.1319	Jurisdiction of actions arising out of violations; consent to process.
Section 500.1324	Insurers subject to registration; time.
Section 500.1325	Registration statement; form; contents; other reports or information required.
Section 500.1326	Registration statement; nonmaterial information not disclosed.
Section 500.1327	Registration statement; reporting material changes or additions and distributions to shareholders.
Section 500.1328	Registration; termination.
Section 500.1329	Consolidated registration statements.
Section 500.1330	Registration on behalf of affiliated insurer.
Section 500.1331	Exemptions.
Section 500.1332	Petition for disclaimer of affiliation; filing; contents; effect; disallowance.
Section 500.1333	Registration; failure to file.
Section 500.1334	Person subject to registration; providing information to insurer.
Section 500.1341	Transactions within holding company system; certain insurers as party; standards; prior approval; transactions entered into by domestic insurers; notification; separate transactions; review by commissioner; total investment exceeding 10% of corporation's voting securities.
Section 500.1342	Application of § 500.436a.
Section 500.1343	Review by commissioner of ordinary shareholder dividends paid by domestic insurers; determination of reasonableness; factors; limiting or disallowing payment of shareholder dividends; declaration or payment from earned surplus; domestic insurer as member of insurance holding company system; extraordinary distribution to shareholders; hearing.
Section 500.1344	Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.
Section 500.1351	Examination of insurer or affiliates; experts; expenses.
Section 500.1355	Examination of insurer or affiliates; confidentiality of information, written consent; notice, publication in interest of public.
Section 500.1361	Issuance of rules and orders.
Section 500.1365	Injunctions; violation of chapter, rule or order.
Section 500.1367	Voting certain securities prohibited; injunction.
Section 500.1368	Voting securities in violation of chapter; sequestration of securities.
Section 500.1371	Violation of chapter; action by commissioner; criminal proceeding; penalty.
Section 500.1375	Violation of chapter; receivership.
Section 500.1377	Liquidation or rehabilitation; recovery of certain distributions or payments.
Section 500.1378	Failure by commissioner to act or make determination; petition for writ of superintending control.
Section 500.1379	Violation of chapter; suspension, revocation or refusal to renew license.

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