Section 500.8206 – Reorganization; Proposed Articles and Bylaws; Filing With Insurance Commissioner.
500.8206 Reorganization; proposed articles and bylaws; filing with insurance commissioner. Sec. 8206. Whenever any such society shall propose to transform itself into a legal reserve level premium company as herein provided, it shall file with the commissioner, its proposed articles and bylaws, its plan of transformation, setting forth in detail the terms and conditions of […]
Section 500.8208 – Reorganization; Hearing on Petition.
500.8208 Reorganization; hearing on petition. Sec. 8208. The commissioner may proceed to hear and determine such petition without notice, or, if he deems it necessary that such notice should be given in order to conserve the interests of the membership, he shall require the society to first notify, by mail, all of the members of […]
Section 500.8210 – Reorganization; Member’s Right to Appear.
500.8210 Reorganization; member’s right to appear. Sec. 8210. When notice shall have been given, as above provided, any member of such society shall have the right to appear before the commissioner and be heard with reference to the petition. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
Section 500.8189 – Examination of Society.
500.8189 Examination of society. Sec. 8189. (1) The commissioner, or any person he or she may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign, or alien insurers, shall have free access to […]
Section 500.8190 – Foreign or Alien Society; License Required; Compliance; Conditions.
500.8190 Foreign or alien society; license required; compliance; conditions. Sec. 8190. A foreign or alien society shall not transact business in this state without a license issued by the commissioner. A society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to a domestic society. A foreign […]
Section 500.8191 – Domestic Society; Deficiencies; Notice; Request for Correction; Noncompliance; Action to Enjoin or Action in Quo Warranto; Hearing; Order; Findings; Liquidation; Recognition of Action; Receiver; Voluntary Determination to Discontinue Business.
500.8191 Domestic society; deficiencies; notice; request for correction; noncompliance; action to enjoin or action in quo warranto; hearing; order; findings; liquidation; recognition of action; receiver; voluntary determination to discontinue business. Sec. 8191. (1) If the commissioner upon investigation finds that a domestic society has exceeded its powers, has failed to comply with any provision of […]
Section 500.8192 – Foreign or Alien Society; Deficiencies; Notice; Request for Correction; Noncompliance; Suspension, Revocation, or Refusal of License; Contracts.
500.8192 Foreign or alien society; deficiencies; notice; request for correction; noncompliance; suspension, revocation, or refusal of license; contracts. Sec. 8192. (1) If the commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this state has exceeded its powers, has failed to comply with any of the provisions […]
Section 500.8193 – Application or Petition for Injunction; Recognition.
500.8193 Application or petition for injunction; recognition. Sec. 8193. An application or petition for injunction against any domestic, foreign, or alien society, or lodge of such a society, shall not be recognized in any court of this state unless commenced by the attorney general upon request of the commissioner. History: Add. 1990, Act 1, Eff. […]
Section 500.8194 – Agent of Society; License Required; Exceptions.
500.8194 Agent of society; license required; exceptions. Sec. 8194. An agent of a society shall be licensed in accordance with the provisions of chapter 12 regulating the licensing, revocation, suspension, or termination of licenses of resident and nonresident agents except that an examination or license shall not be required of any regular salaried officer, employee, […]
Section 500.8195 – Society Subject to Chapter 20.
500.8195 Society subject to chapter 20. Sec. 8195. Each society authorized to do business in this state shall be subject to the provisions of chapter 20 relating to unfair trade practices except that chapter 20 shall not be construed as applying to or affecting the right of a society to determine its eligibility requirements for […]