MCL - 218-1956-13
Act 218 of 1956
HOLDING COMPANIES
| Document | Type | Description |
|---|---|---|
| Section 500.1301 | Section | Insurance holding companies; definitions. |
| Section 500.1305 | Section | Domestic insurers; organization or acquisition of subsidiaries; book of business; value; admitted asset; limitation; amortization; annual test; definition; authority of commissioner. |
| Section 500.1311 | Section | Merging with or acquiring control of domestic insurer; statement; filing confidential notice of proposed divestiture; notice by person proposing to merge or acquire control of domestic insurer; “domestic insurer” explained. |
| Section 500.1312 | Section | Statement filed with director; contents; duties. |
| Section 500.1313 | Section | Partnership, syndicate or other group; statement filed with commissioner, amendment. |
| Section 500.1314 | Section | Alternative filing materials. |
| Section 500.1315 | Section | Merger or acquisition of control; approval by director; public hearing; determination; contested case hearing. |
| Section 500.1316 | Section | Information to shareholders; expense; bond; examination or investigation. |
| Section 500.1317 | Section | Exemptions. |
| Section 500.1318 | Section | Violations. |
| Section 500.1319 | Section | Jurisdiction of actions arising out of violations; consent to process. |
| Section 500.1324 | Section | Insurers subject to registration; time. |
| Section 500.1325 | Section | Registration statement; form; contents; other reports or information required. |
| Section 500.1325a | Section | Annual enterprise risk report. |
| Section 500.1325b | Section | Annual group capital calculation; filing; exemption. |
| Section 500.1325c | Section | Liquidity stress test framework; results; filing; compliance with NAIC. |
| Section 500.1326 | Section | Registration statement; nonmaterial information not disclosed. |
| Section 500.1327 | Section | Registration statement; reporting material changes or additions and distributions to shareholders. |
| Section 500.1328 | Section | Registration; termination. |
| Section 500.1329 | Section | Consolidated registration statements. |
| Section 500.1330 | Section | Registration on behalf of affiliated insurer. |
| Section 500.1331 | Section | Exemptions. |
| Section 500.1332 | Section | Petition for disclaimer of affiliation; filing; contents; effect; disallowance. |
| Section 500.1333 | Section | Registration statement; failure to file. |
| Section 500.1334 | Section | Person subject to registration; providing information to insurer. |
| Section 500.1341 | Section | Transactions within holding company system; certain insurers as party; standards; prior approval; transactions entered into by domestic insurers; notification; separate transactions; review by director; total investment exceeding 10% of corporation's voting securities. |
| Section 500.1341a | Section | Domestic insurer investments; limitations. |
| Section 500.1342 | Section | Application of MCL 500.436a. |
| Section 500.1343 | Section | Ordinary shareholder dividends paid by domestic insurers; review by director; determination of reasonableness; factors; limiting or disallowing payment of shareholder dividends; declaration or payment from earned surplus; declaration of shareholder dividend by domestic insurer as member of insurance holding company system; extraordinary dividend or distribution to shareholders; hearing. |
| Section 500.1344 | Section | Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services. |
| Section 500.1351 | Section | Examination of insurer or affiliates; information; experts; expenses. |
| Section 500.1355 | Section | Examination of insurer or affiliates; privilege and confidentiality of information; use of materials; written consent; disclosure; notice; publication in interest of public; sharing documents; written agreement; responsibility of director; group capital calculation. |
| Section 500.1357 | Section | Participation of director in supervisory college. |
| Section 500.1359 | Section | Internationally active insurance group; group-wide supervisor; determination factors; duties. |
| Section 500.1361 | Section | Issuance of rules and orders. |
| Section 500.1365 | Section | Injunctions; violation of chapter, rule or order. |
| Section 500.1367 | Section | Voting certain securities prohibited; injunction. |
| Section 500.1368 | Section | Voting securities in violation of chapter; sequestration of securities. |
| Section 500.1371 | Section | Violation of chapter; action by director; criminal proceeding; penalty; disapproval of dividends or distributions. |
| Section 500.1375 | Section | Violation of chapter; receivership. |
| Section 500.1377 | Section | Liquidation or rehabilitation; recovery of certain distributions or payments. |
| Section 500.1378 | Section | Failure by commissioner to act or make determination; petition for writ of superintending control. |
| Section 500.1379 | Section | Violation of chapter; suspension, revocation or refusal to renew license. |