Section 500.5403 - Mutual holding company as domestic mutual insurance company.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.5403 Mutual holding company as domestic mutual insurance company.
Sec. 5403.
A mutual holding company resulting from a reorganization under chapter 60 shall be considered a domestic mutual insurance company under this act except that the mutual holding company shall not be issued a certificate of authority to issue policies or transact the business of insurance.
History: Add. 2000, Act 8, Imd. Eff. Feb. 25, 2000
Popular Name: Act 218