218-1956-52 - CHAPTER 52 CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS (500.5200...500.5290)
- Section 500.5200 - Applicability of chapter.
- Section 500.5202 - Life, accident or sickness insurers; reorganization under code.
- Section 500.5204 - Companies deemed bodies corporate and politic; corporation law applicable.
- Section 500.5205 - Proof of corporate existence and authority to insure.
- Section 500.5206 - Corporate powers; enumeration; exercise by board of directors.
- Section 500.5208 - Corporate powers; limitations; applicability of prohibition; services performed in connection with noninsured benefit plan; provisions; interference with rights and obligations unde
- Section 500.5208a - Definitions; prohibited conduct; probable cause of violation; notice of hearing; opportunity to confer and discuss complaint and proceedings; action for damages; hearing; findings
- Section 500.5209 - Insurer's name; restrictions.
- Section 500.5210 - Dealing in commodities prohibited; exception.
- Section 500.5214 - Articles of incorporation; amendment.
- Section 500.5215 - Articles of domestic stock insurer; amendment as to increase, decrease, or reclassification of capital stock.
- Section 500.5216 - Articles; amendment as to reduction of capital; condition; methods of effecting reduction.
- Section 500.5218 - Increase or decrease of capital stock; authorization by commissioner; approval by stockholders; vote; final approval; par value of stock; issuance of new stock.
- Section 500.5220 - Blank forms for amending articles.
- Section 500.5222 - Corporate life; extension.
- Section 500.5224 - Corporate life; expiration, liquidation.
- Section 500.5228 - Bylaws; adoption; filing.
- Section 500.5230 - Special meetings of stockholders or members; notice of meetings.
- Section 500.5232 - Voting rights; stockholders, members, proxies, fiduciaries, pledgees.
- Section 500.5234 - Stockholders and members; voting rights, quorum.
- Section 500.5236 - Voting rights; inspectors of election.
- Section 500.5238 - Trustees or directors; residency requirement; director as policyholder of insurer; meetings; frequency; oath.
- Section 500.5239 - Repealed. 1988, Act 290, Eff. Jan. 1, 1989.
- Section 500.5240 - Discharging duties of director or officer; commencement of action for failure to perform duties.
- Section 500.5241 - Indemnification against expenses of action, suit, or proceeding generally.
- Section 500.5242 - Indemnification against expenses of action, suit, or proceeding; additional provisions.
- Section 500.5242a - Indemnification against expenses of action, suit, or proceeding; mandatory; standard of conduct; determination.
- Section 500.5242b - Payment of expenses in advance of final disposition of action, suit, or proceeding; undertaking.
- Section 500.5242c - Indemnification or advancement of expenses not exclusive of other rights; indemnification inuring to benefit of heirs, executors, and administrators.
- Section 500.5242d - “Corporation” defined for purposes of MCL 500.5241 to 500.5242c.
- Section 500.5243 - Repealed. 1988, Act 290, Eff. Jan. 1, 1989.
- Section 500.5244 - Liability for payment under invalid law or ordinance.
- Section 500.5245 - Board of directors; quorum; special meetings; consent to action taken without meeting.
- Section 500.5246 - Officers and agents; appointment, removal, bond.
- Section 500.5248 - Directors, officers, and employees of domestic insurer; compensation.
- Section 500.5252 - Director or officer of insurance corporation; receiving money or valuables for, or having pecuniary interest in, purchase, sale, or loan prohibited; certain transactions not prohibi
- Section 500.5256 - Records relating to insurer's business or affairs; locations; production; safekeeping of securities, notes, mortgages, or other evidences of indebtedness; exceptions; holding ce
- Section 500.5258 - Acknowledgments.
- Section 500.5260 - Stock certificates; substitutions.
- Section 500.5264 - Expenditures, vouchers, and affidavits.
- Section 500.5266 - Dividends to stockholders; general provision.
- Section 500.5267 - Dividends to stockholders; domestic fire insurance company.
- Section 500.5270 - Insurer's rights as stockholder in other corporations.
- Section 500.5272 - Domestic fire insurance company; deficiency of assets; notice; cessation of business; liability.
- Section 500.5274 - Domestic fire insurance company; assessment of stockholders.
- Section 500.5276 - Domestic fire insurance company; liability of directors under new risks accepted during deficiency.
- Section 500.5280 - Domestic mutual insurer; assets; deficiency; liability of director.
- Section 500.5282 - Domestic stock insurer; statement of beneficial ownership of equity securities.
- Section 500.5283 - Unfair use of information; prevention; actions for recovery of profits; limitations; exempt transactions.
- Section 500.5283a - Acquisition of stock or stock option; exemption from MCL 500.5283; conditions; definition.
- Section 500.5283b - Selection of director or officer to whom stock allocated or options granted; exercise of discretion; director or committee member as disinterested person; section inapplicable to c
- Section 500.5283c - Stock purchase plan; limitations.
- Section 500.5284 - Securities not owned; sale; failure to deliver to transferee; exception.
- Section 500.5285 - Nonapplication of sections to certain transactions.
- Section 500.5286 - Foreign or domestic arbitrage transactions; exemptions.
- Section 500.5287 - Equity security; definition.
- Section 500.5288 - Registered equity securities; exemptions; conditions.
- Section 500.5289 - Insurance commissioner; regulatory powers; effect of good faith.
- Section 500.5290 - Unlawful solicitation; use of name to solicit proxies or consents.