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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)
218-1956-64 CHAPTER 64 COOPERATIVE PLAN INSURERS (DOMESTIC) (500.6400...500.6460)
Section 500.6414 Domestic cooperative plan insurers; qualifications to write group insurance.
Universal Citation: MI Comp L § 500.6414 (2017)
500.6414 Domestic cooperative plan insurers; qualifications to write group insurance.
Sec. 6414.
No such insurer shall do a business of group insurance in Michigan until it shall have accrued a contingency reserve deposit as defined and described in section 6434 in the amount of $100,000.00, and shall have obtained from the commissioner a certificate of authority to write group insurance.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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