MCL - 218-1956-11A
Act 218 of 1956
REINSURANCE INTERMEDIARIES
| Document | Type | Description |
|---|---|---|
| Section 500.1151 | Section | Definitions. |
| Section 500.1153 | Section | Person acting as reinsurance intermediary-broker; bond; license; nonresident; service of process; refusal to issue license. |
| Section 500.1155 | Section | Transactions between reinsurance intermediary-broker and insurer; authorization. |
| Section 500.1157 | Section | Record of transaction. |
| Section 500.1159 | Section | Person acting as reinsurance-broker; license required; employment of individual employed by reinsurance intermediary-broker; annual copy of statements of financial condition. |
| Section 500.1161 | Section | Transactions between reinsurance intermediary-manager and reinsurer; contract. |
| Section 500.1163 | Section | Reinsurance intermediary-manager; prohibited conduct. |
| Section 500.1165 | Section | Reinsurance intermediary-manager; license required; obtaining annual copy of statement of financial condition and opinion of actuary; authority for retrocessional contracts or participation in reinsurance syndicates; termination of contract; appointment to board of directors. |
| Section 500.1167 | Section | Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records. |
| Section 500.1169 | Section | Violation; penalties. |
| Section 500.1171 | Section | Reinsurance intermediary; use of services. |