MCL - 218-1956-48
Act 218 of 1956
PROTECTED CELL INSURANCE COMPANIES
| Document | Type | Description |
|---|---|---|
| Section 500.4801 | Section | Definitions. |
| Section 500.4803 | Section | Protected cells; establishment; written approval of commissioner; name or designation; attribution of assets and liabilities; attachment of security interest; contracting with third party; identification of protected cell assets and protected cell liabilities. |
| Section 500.4805 | Section | Income credited to or charged against protected cell; insurance securitization; language to be contained in documentation; cessation of business of protected cell. |
| Section 500.4807 | Section | Creditors; recourse; activities, assets, and obligations not subject to chapters 77 and 79; establishment of protected cell not considered fraudulent conveyance. |
| Section 500.4809 | Section | Receiver to deal with protected cell company's assets and liabilities; effect of order of conservation, rehabilitation, or liquidation. |
| Section 500.4811 | Section | Insurance securitization not considered insurance or reinsurance contract; investor not considered as conducting insurance business in state. |
| Section 500.4813 | Section | Rules, regulations, or orders. |