Michigan Compiled Laws § 500.1326 Registration Statement; Nonmaterial Information Not Disclosed.

500.1326 Registration statement; nonmaterial information not disclosed.

Sec. 1326.

No information need be disclosed on the registration statement filed pursuant to section 1325 if the information is not material for the purposes of sections 1324 to 1343 inclusive. Unless the commissioner by rule or order provides otherwise, sales, purchases, exchanges, loans or extensions of credit or investments, involving 1/2 of 1% or less of an insurer's admitted assets as of December 31 next preceding are not material for purposes of sections 1324 to 1343 inclusive.

History: Add. 1970, Act 136, Imd. Eff. July 29, 1970
Popular Name: Act 218

Section: Previous  500.1316  500.1317  500.1318  500.1319  500.1324  500.1325  500.1325a  500.1326  500.1327  500.1328  500.1329  500.1330  500.1331  500.1332  500.1333  Next

Last modified: October 10, 2016