Michigan Compiled Laws 218-1956-2 Chapter 2 The Insurance Commissioner (500.200...500.251)

• Section 500.200 Insurance Department; Establishment.
  There is hereby established a separate and distinct state department which shall be especially charged with the execution of the laws in relation to...
• Section 500.202 Insurance Commissioner; Qualifications, Office, Term, Appointment, Approval, Vacancy.
  (1) The chief officer of the department shall be known as the commissioner of insurance. He shall be a citizen of this state, shall...
• Section 500.204 Insurance Commissioner; Salary; Oath; Bond.
  The commissioner shall receive an annual salary as the legislature shall appropriate, payable as other state officers are paid under the accounting laws of...
• Section 500.205 Commissioner; Powers.
  Orders, decisions, findings, rulings, determinations, opinions, actions, and inactions of the commissioner in this act shall be made or reached in the reasonable exercise...
• Section 500.206 Insurance Commissioner; Seal, Approval, Renewal.
  The commissioner, with the approval of the governor, shall devise a seal, with suitable inscriptions, for his office, a description of which, with certificate...
• Section 500.208 Office Of Financial And Insurance Services; Offices; Expense; Audit.
  The department of management and budget shall assign to the office of financial and insurance services at Lansing suitable rooms for conducting the business...
• Section 500.210 Insurance Commissioner; Regulatory Powers.
  The commissioner shall promulgate rules and regulations in addition to those now specifically provided for by statute as he may deem necessary to effectuate...
• Section 500.212 Deputies, Chief Clerk And Accountant, Examiners, Clerks, Actuaries, And Other Assistants; Oath; Powers And Duties; Hearings; Rights Of Parties; Revocation Of Appointments, Designations, And Delegations Of Authority; Compensation.
  (1) The commissioner may appoint a first deputy and second deputy who shall subscribe and file the constitutional oath of office. Either of these...
• Section 500.214 Commissioner; Immunity From Civil Liability; Conditions.
  (1) The commissioner or his or her representatives are immune from civil liability, both personally and professionally, for any of their acts or omissions...
• Section 500.216 Insurance Commissioner And Employees; Traveling And Other Expenses.
  The necessary traveling and other necessary and actual expenses of the commissioner, his deputies, examiners, actuaries or other employees, in discharging the duties imposed...
• Section 500.220 Insurance Commissioner And Employees; Service Fees, Prohibited Gifts.
  The commissioner shall not retain as perquisites any fees or any moneys received by him directly or indirectly, for the performance of duties connected...
• Section 500.221 Insurance Compliance Self-evaluative Audit Document; Privilege; Disclosure; Exceptions; Definitions.
  (1) Except as otherwise provided in this section, an insurance compliance self-evaluative audit document is privileged information and is not discoverable or admissible as...
• Section 500.222 Examination Of Insurers; Examination Report; Hearing; Public Inspection; Disclosure Of Confidential Information; Effect Of Current Examination; Commissioner's Authority To Terminate Or Suspend Examination Not Limited; Alien Insurer.
  (1) The commissioner in person or by any of his or her authorized deputies or examiners may examine any or all of the books,...
• Section 500.223 Application For Certificate Of Authority; Fee; Withdrawal Of Application; Reapplication Fee; Disposition.
  Any insurer making application for an original certificate of authority to transact insurance, or applying for a reissuance of a certificate of authority after...
• Section 500.224 Examinations And Investigations Of Insurers; Expenses; Statement To Insurers; Employment Of Expert Personnel; Regulatory Fees; Expense Of Administering Delinquency Proceeding; Definitions.
  (1) All actual and necessary expenses incurred in connection with the examination or other investigation of an insurer or other person regulated under the...
• Section 500.224a Report Relating To Regulatory Fees.
  Beginning June 1, 1995 and annually thereafter the commissioner shall report to the senate and house of representatives standing committees on insurance issues on...
• Section 500.224b Repealed. 2008, Act 440, Eff. Apr. 1, 2009.
  Compiler's Notes: The repealed section pertained to quality assurance assessment fee.Popular Name: Act 218
• Section 500.225 Insurance Bureau Fund; Creation; Deposit Of Fees; Reversion To General Fund; Use Of Fund.
  The insurance bureau fund is created in the state treasury as a separate fund. Except as otherwise specifically provided, all fees collected pursuant to...
• Section 500.225a Contract For Services, Supplies, And Materials.
  The commissioner shall contract for services, supplies, and materials pursuant to Act No. 428 of the Public Acts of 1980, being sections 450.771 to...
• Section 500.226 Disclosure Of Confidential Information; Penalty.
  The commissioner or any of the commissioner's employees or agents shall not divulge confidential information acquired in the course of an examination or investigation...
• Section 500.228 Examinations And Investigations Of Insurers; Report Of Crimes To Attorney General.
  If it appears from an examination or other investigation made by the commissioner or if it appears from a report made to the commissioner...
• Section 500.230 Recovery Of Penalty; Disposition Of Funds.
  Every penalty provided for by this code, if not otherwise provided for, shall be sued for and recovered in the name of the people...
• Section 500.234 Insurance Department; Records Of Office; Public Inspection, Exceptions, Destruction, Rules And Regulations.
  (1) The office of the insurance department is a public office and the records, books, and papers thereof on file therein shall be public...
• Section 500.236 Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
  Compiler's Notes: The repealed section pertained to a study assessing the condition of the commercial liability insurance market.Popular Name: Act 218
• Section 500.238 Insurance Commissioner; Annual Report To Governor, Contents, Publication.
  (1) The commissioner shall compile a report of the conduct of his office annually at such time each year as the information to be...
• Section 500.240 Fees And Charges; Collection, Payment, And Disposition.
  (1) The commissioner shall collect, and the person affected shall pay to the commissioner, the following fees: (a) Filing fee for original authorization to...
• Section 500.244 Judicial Review.
  (1) A person aggrieved by a final order, decision, finding, ruling, opinion, rule, action, or inaction provided for under this act may seek judicial...
• Section 500.246 Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
  Compiler's Notes: The repealed section pertained to actions for violation of the act and immunity of witnesses.Popular Name: Act 218
• Section 500.248 Violations Of Act; Actions; Perjury.
  Any persons required by the provisions of this code to take any oath, or affirmation, who shall make any false oath or affirmation, shall...
• Section 500.249 Insurance Commissioner; Investigations Of Agents, Adjusters, Counselors, Managers, Promoters, Officers And Directors.
  For the purposes of ascertaining compliance with the provisions of the insurance laws of the state or of ascertaining the business condition and practices...
• Section 500.249a Fingerprints Required; Costs; Providing Criminal History Records.
  (1) The following persons shall appear, at the commissioner's request, before the sheriff or any police agency for the county in which the person...
• Section 500.250 Insurers; Stock Transfer; Officers Or Directors; Appointment; Notice To Commissioner; Removal; Hearings; Civil Immunity; Review.
  (1) All insurers licensed to do business in this state shall notify the commissioner within 30 days of any transfer of stock that results...
• Section 500.251 Cease And Desist Order.
  (1) In the reasonable exercise of discretion, the commissioner may issue a cease and desist order if the commissioner finds any of the following:...

Last modified: October 10, 2016