Michigan Compiled Laws 218-1956-9 Chapter 9 Investments (500.900...500.960)

• Section 500.900 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed section pertained to investments by domestic insurer.Popular Name: Act 218
• Section 500.901 Asset Requirements For Insurers.
  (1) Each domestic insurer shall maintain assets in cash or as defined in this chapter in a total amount at least equal to the...
• Section 500.902 Investments By Domestic Insurer; Amount In Qualified Asset Required; Definition.
  (1) Except as otherwise provided in sections 942(7), (10), and (11), 943(2), and 946(4), this chapter does not prohibit the investment of a domestic...
• Section 500.904 Repealed. 1957, Act 91, Eff. Sept. 27, 1957.
  Compiler's Notes: The repealed section pertained to investment limitations of domestic mutual insurer.Popular Name: Act 218
• Section 500.906, 500.908 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed sections pertained to assets and limitations on investments.Popular Name: Act 218
• Section 500.910 Certificates Of Deposit Or Depository Receipts; Construction As Deposits Of Cash.
  Certificates of deposit or depository receipts issued by a bank, trust company or savings and loan association insured by the federal deposit insurance corporation...
• Section 500.912 Qualified Assets; Description; Limitation On Governmental Securities.
  (1) Qualified assets for purposes of section 901 include all of the following: (a) In the bonds or other evidences of indebtedness of the...
• Section 500.914 Qualified Assets As Guaranteed Interest Bonds.
  Qualified assets for purposes of section 901 include bonds or other securities, the interest of which is guaranteed by the United States government pursuant...
• Section 500.916 Qualified Assets As Federal Financing Agency Stock.
  If any agency or corporation is established by the federal government with authority to purchase, discount, or loan money upon the security of real...
• Section 500.917 Mortgage-backed Securities; Certain Securities Described In Secondary Mortgage Market Enhancement Act Of 1984 Subject To Limitations; Definition.
  (1) Qualified assets for purposes of section 901 include mortgage-backed securities backed by pools of residential mortgages and rated investment grade by a securities...
• Section 500.917a Definitions; Asset-backed Securities.
  (1) As used in this section: (a) “Asset-backed securities” means securities, other than those governed by section 917, representing loans to, participations in loans...
• Section 500.918 Qualified Assets By Solvent Institution; Authorization; Mortgage Loans; Equipment Trust Certificates; Fixed Interest Bearing Obligations.
  Qualified assets for purposes of section 901 include lawfully authorized obligations issued, assumed, or guaranteed by any solvent institution created or existing under the...
• Section 500.920 Net Earnings Available For Fixed Charges; Definition.
  For the purposes of this chapter, the term “net earnings available for fixed charges” means net income after deducting operating and maintenance expenses, taxes...
• Section 500.922 Qualified Assets In Stocks, Bonds, Or Evidences Of Corporate Indebtedness; Authorization.
  Qualified assets for purposes of section 901 include stocks, bonds, and other evidence of indebtedness of solvent corporations as approved by its board of...
• Section 500.924 Qualified Assets In Preferred Stock; Conditions.
  Qualified assets for purposes of section 901 include preferred stocks of any company organized under the laws of the United States, a state of...
• Section 500.925 Application Of Amounts Paid Life Insurer To Purchase Of Retirement Benefits; Income, Gains, Or Losses On Accounts; Limitations On Charges And Deductions; Investment Or Amounts Allocated; Standards; “contract On A Variable Basis” Defined; Compliance With Investment Company Act Of 1940; Identification Of Investments And Liabilities; “investment Company Act Of 1940” Defined; Rules.
  (1) A life insurer, after adoption of a resolution by its board of directors and certification thereof to the commissioner, may allocate to 1...
• Section 500.926-500.931 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed sections pertained to investments by insurers.Popular Name: Act 218
• Section 500.932 Qualified Assets In Shares Of Savings And Loan Associations.
  Qualified assets for purposes of section 901 include shares of any building and loan association or savings and loan association, either state chartered or...
• Section 500.933 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed section pertained to investments by insurers. Popular Name: Act 218
• Section 500.934 Qualified Assets In Farm Loan Bonds, Intermediate Credit Bank Loans, Central Bank For Cooperatives, Home Loan Banks, Federal Savings And Loan Insurance Corporation Obligations; Authorization.
  Qualified assets for purposes of section 901 include farm loan bonds, consolidated or otherwise, issued by the federal land banks pursuant to the federal...
• Section 500.938 Qualified Assets.
  Qualified assets for purposes of section 901 include all of the following: (a) Any negotiable paper or other evidence of indebtedness secured by any...
• Section 500.942 Qualified Assets In Real Estate Loans; Purchase Of Loan Or Certificate Of Participation.
  (1) Qualified assets for purposes of section 901 include real estate loans secured by first liens upon improved or income bearing real estate, including...
• Section 500.943 Qualified Assets; Derivative Instruments And Transactions.
  (1) Qualified assets for purposes of section 901 include derivative instruments only if the insurer is able to demonstrate to the commissioner through cash...
• Section 500.944 Accounts Receivable; Includable As Qualified Assets.
  Qualified assets for purposes of section 901 include the value of any amounts receivable from insurers authorized to transact insurance in this state. History:...
• Section 500.945 Repealed. 1994, Act 226, Imd. Eff. June 27, 1994.
  Compiler's Notes: The repealed section pertained to investments or loans meeting trusted depository requirements.Popular Name: Act 218
• Section 500.946 Home Office, Lands, And Buildings; Includable As Qualified Assets.
  (1) Subject to the limitations in section 901, qualified assets for purposes of section 901 include a home office, lands, and buildings as follows:...
• Section 500.947 Income Producing Real Estate And Housing Projects; Includable As Qualified Assets.
  (1) Subject to the limitations in section 901, qualified assets for purposes of section 901 include real estate or any interest in real estate,...
• Section 500.948 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed section pertained to investments by insurers. Popular Name: Act 218
• Section 500.950, 500.951 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed sections pertained to investments by insurers.Popular Name: Act 218
• Section 500.960 Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
  Compiler's Notes: The repealed section pertained to investments by insurers. Popular Name: Act 218

Last modified: October 10, 2016