2006 Michigan Compiled Laws - CHAPTER 50 ORGANIZATION OF DOMESTIC STOCK AND MUTUAL INSURERS (500.5000...500.5040)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 50
ORGANIZATION OF DOMESTIC STOCK AND MUTUAL INSURERS

DocumentDescription
Section 500.5000Scope of chapter.
Section 500.5001Compliance with chapter required.
Section 500.5002Organization of insurers; definitions.
Section 500.5006Stock insurers; formation, number of incorporators required.
Section 500.5008Articles of incorporation; blank forms; subscribing in duplicate; contents; permissible provisions; liability of director; certificate of acknowledgment.
Section 500.5010Duration of corporate existence.
Section 500.5012Corporate name; restrictions.
Section 500.5014Par value of stock; limitations.
Section 500.5020Examination of articles by attorney general; fee.
Section 500.5024Securing subscribers, stockholders, or members of insurance company; sale of capital stock; required acts of incorporators; authority of commissioner.
Section 500.5028Completion of organization; issuance of stock certificates; mutual corporation.
Section 500.5036Liability of directors for debts during organization.
Section 500.5040Examination; certificate of authority.

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