Statutes > Michigan Statutes > Chapter 500 - INSURANCE CODE OF 1956 > Act 218 of 1956 - THE INSURANCE CODE OF 1956 (500.100 - 500.8302) > 218-1956-4 - CHAPTER 4 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS (500.402...500.480) > Section 500.404 - Insurers; financial conditions; compliance required.

Section 500.404 - Insurers; financial conditions; compliance required.

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956

500.404 Insurers; financial conditions; compliance required.

Sec. 404.

Every like domestic, foreign, or alien insurer doing business in this state shall at all times be subject to the same standards and requirements concerning financial conditions and shall be in substantial compliance with those standards and requirements.


History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992
Popular Name: Act 218