MCL - 218-1956-55
Act 218 of 1956
DOMESTIC STOCK INSURER DIVISION
| Document | Type | Description |
|---|---|---|
| Section 500.5500 | Section | Definitions. |
| Section 500.5503 | Section | Domestic stock insurer; division into 2 or more insurers; plan of division; requirements; amendment procedures; abandonment of plan. |
| Section 500.5505 | Section | Filing plan of division with the department; approval by board of directors and shareholders; effectiveness of certain provisions; reasonable notice. |
| Section 500.5507 | Section | Notice and hearing of plan required; approval and filing with department; conditions of approval; confidentiality of certain financial information; payment of department expenses; order. |
| Section 500.5509 | Section | Certificate of division; contents; effective date. |
| Section 500.5511 | Section | Division effectiveness; allocation and distribution of assets and liabilities. |
| Section 500.5513 | Section | Responsibilities, liabilities, and obligations of resulting insurer. |
| Section 500.5515 | Section | Record shareholder of non-surviving insurer right to dissent and obtain payment. |
| Section 500.5517 | Section | Shareholder right to dissent and obtain payment in connection with division; application of MCL 450.1762 to shareholder actions. |