Michigan Compiled Laws § 500.6414 Domestic Cooperative Plan Insurers; Qualifications To Write Group Insurance.

500.6414 Domestic cooperative plan insurers; qualifications to write group insurance.

Sec. 6414.

No such insurer shall do a business of group insurance in Michigan until it shall have accrued a contingency reserve deposit as defined and described in section 6434 in the amount of $100,000.00, and shall have obtained from the commissioner a certificate of authority to write group insurance.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

Section: Previous  500.6400  500.6402  500.6406  500.6410  500.6412  500.6414  500.6418  500.6422  500.6428  500.6432  500.6434  500.6436  500.6440  500.6446  500.6450  Next

Last modified: October 10, 2016