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2020 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-55 Chapter 55 Domestic Stock Insurer Division (500.5500...500.5517)
- Section 500.5500 Definitions.
- Section 500.5503 Domestic Stock Insurer; Division Into 2 or More Insurers; Plan of Division; Requirements; Amendment Procedures; Abandonment of Plan.
- Section 500.5505 Filing Plan of Division With the Department; Approval by Board of Directors and Shareholders; Effectiveness of Certain Provisions; Reasonable Notice.
- Section 500.5507 Notice and Hearing of Plan Required; Approval and Filing With Department; Conditions of Approval; Confidentiality of Certain Financial Information; Payment of Department Expenses; Order.
- Section 500.5509 Certificate of Division; Contents; Effective Date.
- Section 500.5511 Division Effectiveness; Allocation and Distribution of Assets and Liabilities.
- Section 500.5513 Responsibilities, Liabilities, and Obligations of Resulting Insurer.
- Section 500.5515 Record Shareholder of Non-Surviving Insurer Right to Dissent and Obtain Payment.
- Section 500.5517 Shareholder Right to Dissent and Obtain Payment in Connection With Division; Application of MCL 450.1762 to Shareholder Actions.
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