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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-51 CHAPTER 51 ORGANIZATION OF AN ACQUIRING INSURER FOR TRANSACTION OF CERTAIN TYPES OF INSURANCE (500.5100...500.5114)
Section 500.5102 State accident fund; acquisition of assets; effect of proposed transfer.
Universal Citation: MI Comp L § 500.5102 (2017)
500.5102 State accident fund; acquisition of assets; effect of proposed transfer.
Popular Name: Act 218
Sec. 5102.
No person other than an acquiring insurer shall acquire all or substantially all of the assets of the state accident fund. A proposed transfer shall constitute a proposed change of control of a domestic insurer within the meaning of this act and shall be subject to all the requirements of this act governing a change of control of a domestic insurer.
History: Add. 1993, Act 200, Eff. Dec. 28, 1994
Popular Name: Act 218
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