Section 500.5803 - Mutual holding company resulting from reorganization considered as domestic mutual insurance company.

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

500.5803 Mutual holding company resulting from reorganization considered as domestic mutual insurance company.

Sec. 5803.

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