™Your Policy Risk Impact Agent
32 chapters · 358 sections in this title.
Mich. Comp. Laws § 550.1 Declaration of emergency.
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Sec. 1. That an emergency exists in the United States of America and the state of Michigan with respect to its financial and investment institutions and the financial condition of its people generally, such emergency affecting the business of insurance. The provisions of this act…
Mich. Comp. Laws § 550.2 Insurance company disbursement limitations.
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Sec. 2. The provisions of any law of this state to the contrary notwithstanding, during any period of public calamity resulting in abnormal financial losses to and unforeseen and excessive disbursements by any insurance company, fraternal benefit society or association (herein re…
Mich. Comp. Laws § 550.3 Insurance commissioner regulatory powers.
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Sec. 3. The rules and regulations made by the commissioner of insurance pursuant to this act, when filed with the secretary of the state of Michigan, shall have the force and effect of law; and the said commissioner is hereby granted the power and authority to alter, amend and pr…
Mich. Comp. Laws § 550.4 Foreign insurance companies; other states' regulations, application.
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Sec. 4. The said commissioner is hereby authorized and empowered to put into effect, and to enforce as against any foreign insurance company doing business in this state, any rule or regulation made applicable to any Michigan corporation or society doing an insurance business in …