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2023 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-60 - Chapter 60 Reorganization of Mutual Insurers (500.6001...500.6031)
- Section 500.6001 - Definitions.
- Section 500.6003 - Reorganization of Mutual Company; Formation.
- Section 500.6005 - Reorganization Plan; Adoption; Amendment; Withdrawal.
- Section 500.6007 - Reorganization Plan; Contents.
- Section 500.6009 - Reorganization Plan; Operation and Support of Closed Block of Business.
- Section 500.6011 - Reorganization Plan; Filing of Documents; Hearing; Approval or Disapproval of Plan by Commissioner; Conditions for Approval; Retention and Assistance of Qualified Expert.
- Section 500.6013 - Reorganization Plan; Membership Meeting; Notice; Quorum; Vote; Proxy; Voter Eligibility.
- Section 500.6015 - Documents to Be Filed After Plan Approval.
- Section 500.6017 - Mutual Holding Company; Articles of Incorporation.
- Section 500.6019 - Reorganization Plan; Conditions for Plan to Take Effect.
- Section 500.6023 - Membership Interest in Mutual Holding Company.
- Section 500.6025 - Mutual Holding Company; Powers and Duties.
- Section 500.6027 - Transfer, Assignment, or Diversion of Business From Converted Business.
- Section 500.6029 - Receipt of Fee, Commission, or Other Consideration; Payment of Costs and Expenses.
- Section 500.6031 - Substantial Compliance With Notice Requirements; Commencement of Action Challenging Validity of Certain Acts or Commissioner's Decision.
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