Michigan Compiled Laws § 550.360 Annual Statement; Filing.

550.360 Annual statement; filing.

Sec. 10.

A corporation, annually on or before March 1 of each year, shall file in the office of the commissioner of insurance a sworn statement verified by at least 2 of its principal officers showing its condition on the preceding December 31, which shall be in such form and contain such matters as the commissioner shall prescribe. If a corporation fails to file such annual statement, the commissioner may suspend the certificate of authority issued to the corporation until such statement shall be properly filed.

History: 1963, Act 125, Eff. Sept. 6, 1963

Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

Section: Previous  550.354  550.355  550.356  550.357  550.358  550.359  550.359a  550.360  550.361  550.362  550.363  550.364  550.365  550.366  550.366a  Next

Last modified: October 10, 2016