Michigan Compiled Laws § 500.5209 Insurer's Name; Restrictions.

500.5209 Insurer's name; restrictions.

Sec. 5209.

Except as otherwise provided in this section, an insurer shall transact its business under its own name and shall not adopt any assumed name. An insurer, by amending its articles of incorporation, may change its name or take a new name. A nonprofit mutual disability insurer into which a nonprofit health care corporation that is organized under the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1101 to 550.1704, is merged or consolidated may retain and use trade names in use by the nonprofit health care corporation before the merger or consolidation.

History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 2013, Act 5, Imd. Eff. Mar. 18, 2013
Popular Name: Act 218

Section: Previous  500.5200  500.5202  500.5204  500.5205  500.5206  500.5208  500.5208a  500.5209  500.5210  500.5214  500.5215  500.5216  500.5218  500.5220  500.5222  Next

Last modified: October 10, 2016