MCL - 218-1956-11
Act 218 of 1956
REINSURANCE
| Document | Type | Description |
|---|---|---|
| Section 500.1101 | Section | “Qualified United States financial institution” defined. |
| Section 500.1103 | Section | Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; requirements; report to director; certified reinsurer requirements; obligation to arbitrate; trust agreement; list of reciprocal jurisdictions; suspension or revocation; hearing; recoverable assets; diversification; member of catastrophic claims association; definitions. |
| Section 500.1105 | Section | Reduction from liability by ceding insurer to assuming insurer not meeting requirements of MCL 500.1103; security. |
| Section 500.1106 | Section | Rules. |
| Section 500.1108-500.1120 | Section | Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973. |
| Section 500.1121 | Section | Applicability of MCL 500.1123 to 500.1127 to certain insurers. |
| Section 500.1123 | Section | Reinsurance agreement; conditions prohibiting reduction in liability or establishment of asset; approval of commissioner; filing agreements. |
| Section 500.1124 | Section | Repealed. 1972, Act 360, Imd. Eff. Jan. 9, 1973. |
| Section 500.1125 | Section | Reinsurance agreement; use; execution; “reasonable period of time” defined; provisions; assumption of obligations by life and health insurance guaranty association. |
| Section 500.1127 | Section | Reinsurance agreements; reduction to zero of certain reserve credits or assets. |