Annual Statement; Filing - Mich. Comp. Laws Section 550.360
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Michigan Laws > General Insurance Laws > Annual Statement; Filing - Mich. Comp. Laws Section 550.360
550.360 Annual statement; filing.
Sec. 10.
A corporation, annually on or before March 1 of each year, shall file in the office of the commissioner of insurance a sworn statement verified by at least 2 of its principal officers showing its condition on the preceding December 31, which shall be in such form and contain such matters as the commissioner shall prescribe. If a corporation fails to file such annual statement, the commissioner may suspend the certificate of authority issued to the corporation until such statement shall be properly filed.
History: 1963, Act 125, Eff. Sept. 6, 1963
Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
Section: 550.354 550.355 550.356 550.357 550.358 550.359 550.359a 550.360 550.361 550.362 550.363 550.364 550.365 550.366 550.366a
Last modified: March 17, 2013
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