Michigan · Statutes
Act Act-218-of-1956
1,673 sections
1,673 sections
- Mich. Comp. Laws § 500.460Insurance producer to write or place insurance policies.
- Mich. Comp. Laws § 500.462Signature of insurance producer on application for life or disability insurance.
- Mich. Comp. Laws § 500.464Additional deposits by domestic insurers.
- Mich. Comp. Laws § 500.476aAlien or foreign insurers; deposit of securities or making certain payments; computation; revocation of certificate of authority; purpose of section; domestic insurer owned or controlled by alien or foreign insurer; domestic insurer as alien or foreign insurer; compliance; taxes subject to MCL 208.1243 and 206.643; administration of tax; disclosure of tax return; housing opportunity tax credit.
- Mich. Comp. Laws § 500.476bTaxes to which authorized insurer subject.
- Mich. Comp. Laws § 500.478NAIC report of activities.
- Mich. Comp. Laws § 500.479Imposition of fee by NAIC.
- Mich. Comp. Laws § 500.480Definitions.
- Mich. Comp. Laws § 500.501Scope of chapter.
- Mich. Comp. Laws § 500.503Definitions.
- Mich. Comp. Laws § 500.505Notice and opt out requirements.
- Mich. Comp. Laws § 500.507Privacy policies and practices; notice.
- Mich. Comp. Laws § 500.509Customer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
- Mich. Comp. Laws § 500.511Initial notice; conditions; delivery.
- Mich. Comp. Laws § 500.513Annual notice required; “annually” defined; exception.
- Mich. Comp. Laws § 500.515Initial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
- Mich. Comp. Laws § 500.517Initial notice requirements for consumer not a customer; short-form initial notice; delivery.
- Mich. Comp. Laws § 500.519Opt out notice; requirements.
- Mich. Comp. Laws § 500.521Opt out notice to joint consumers.
- Mich. Comp. Laws § 500.523Consumer's opt out direction; compliance requirements.
- Mich. Comp. Laws § 500.525Disclosure of nonpublic personal financial information to nonaffiliated third party.
- Mich. Comp. Laws § 500.527Receipt of notice.
- Mich. Comp. Laws § 500.529Disclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
- Mich. Comp. Laws § 500.531Receipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
- Mich. Comp. Laws § 500.533Disclosure of policy or account number.
- Mich. Comp. Laws § 500.535Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
- Mich. Comp. Laws § 500.537Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535; “necessary to effect, administer, or enforce a transaction” defined.
- Mich. Comp. Laws § 500.539Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
- Mich. Comp. Laws § 500.540Use or disclosure of nonpublic personal financial information by certain associations or facilities.
- Mich. Comp. Laws § 500.541Operation of fair credit reporting act; construction of chapter.
- Mich. Comp. Laws § 500.543Consumer opting out from disclosure; discrimination prohibited.
- Mich. Comp. Laws § 500.545Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
- Mich. Comp. Laws § 500.547Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.
- Mich. Comp. Laws § 500.550Private cause of action not created; exclusive standards.
- Mich. Comp. Laws § 500.553Definitions.
- Mich. Comp. Laws § 500.555Comprehensive written information security program; requirements; duties of licensee and board of directors; third-party service provider; incident response plan; certification of compliance.
- Mich. Comp. Laws § 500.557Occurrence of cybersecurity event; investigation; maintenance of records.
- Mich. Comp. Laws § 500.559Notification of cybersecurity event involving nonpublic information; duty to update and supplement notifications to director; contents; application to third-party service provider; duties of ceding insurers with direct contractual relationship.
- Mich. Comp. Laws § 500.561Notice of cybersecurity event to residents of this state; conditions and requirements; duties of licensee; substitute notice; notification to certain consumer reporting agencies; exception; compliance with health insurance portability and accountability act considered compliance with section; notice with intent to defraud; misdemeanor; penalty; failure to provide notice; civil fine; aggregate liability; applicability of section; definitions.
- Mich. Comp. Laws § 500.563Confidentiality; use of documents, materials, or other information; duties of director.
- Mich. Comp. Laws § 500.565Exemption for certain licensees; timeline for implementation and compliance.
- Mich. Comp. Laws § 500.600Insurance; definitions applicable.
- Mich. Comp. Laws § 500.602“Life” insurance, “transaction of life insurance,” and “life insurance companies” defined.
- Mich. Comp. Laws § 500.603Definitions; accelerated benefits; acknowledgment; disclosures; waiver of premium; qualifying event; powers of insurer; pro rata reduction in cash value; actuarial memorandum; policy reserves.
- Mich. Comp. Laws § 500.606Disability insurance; definition.
- Mich. Comp. Laws § 500.607Group disability insurance; definition.
- Mich. Comp. Laws § 500.608"Health insurance" and "health insurance policy" defined.
- Mich. Comp. Laws § 500.610Property insurance; definition.
- Mich. Comp. Laws § 500.614Marine insurance; definition.
- Mich. Comp. Laws § 500.616Inland navigation and transportation insurance; definition.
- Mich. Comp. Laws § 500.618“Legal expense insurance” defined.
- Mich. Comp. Laws § 500.620Automobile insurance (limited); definition.
- Mich. Comp. Laws § 500.624“Casualty” defined; combination with property insurance.
- Mich. Comp. Laws § 500.625Automobile passenger and liability coverage; expense or disability coverage included.
- Mich. Comp. Laws § 500.628Surety and fidelity insurance; definition.
- Mich. Comp. Laws § 500.632Insurers; nonprofit dental care corporation; reinsurance; authorization.
- Mich. Comp. Laws § 500.640Insurers; limitation of risk; exceptions; "title insurance" and "title insurer" defined.
- Mich. Comp. Laws § 500.644Life, disability, and loss of position insurers; limit of risk.
- Mich. Comp. Laws § 500.701Definitions.
- Mich. Comp. Laws § 500.702Health insurance reserves; determination of adequacy; basis.
- Mich. Comp. Laws § 500.703Claim reserves and claim expense reserves required; conditions; testing for adequacy and reasonableness.
- Mich. Comp. Laws § 500.705Disability income claim reserves; maximum interest rate; morbidity standards specified in rules; exception; group disability income claim reserves; duration from date of disablement 2 years or more but less than 5 years; basis; request for modification plan approval; elimination period; measurement of disablement duration.
- Mich. Comp. Laws § 500.707Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve.
- Mich. Comp. Laws § 500.709Estimation of claim liabilities; methods.
- Mich. Comp. Laws § 500.711Unearned premium reserves; treatment of premiums due and unpaid; discount of certain gross premiums paid in advance.
- Mich. Comp. Laws § 500.713Minimum unearned premium reserve; basis; sum of unearned premium and contract reserves; limitation.
- Mich. Comp. Laws § 500.715Premium reserves; computation.
- Mich. Comp. Laws § 500.717Contract reserves; required for certain policies and certificates; exception; addition to claim and premium reserves; methods and procedures; date of incurral defined.
- Mich. Comp. Laws § 500.719Morbidity standards; rules; structure of valuation net premiums; valuation of health insurance policies and certificates for which tabular morbidity standards not specified; maximum interest rate for contract reserves; termination rates; adjustment of morbidity standard on aggregate basis; minimum reserve; application of certain reserve adjustments; offset of negative reserves against positive reserves; total contract reserve not less than zero.
- Mich. Comp. Laws § 500.721Application of alternative method or basis to contract reserve; assumptions; methods to determine sound value of liabilities.
- Mich. Comp. Laws § 500.723Tabular reserves; annual review; increments; restriction of future gross premiums; establishment of contract reserves for insufficiency in aggregate.
- Mich. Comp. Laws § 500.725Reinsurance; determination of increases to, or credit against, reserves.
- Mich. Comp. Laws § 500.729Individual insurance policies; minimum morbidity standards for disability income benefits; basis of contract reserve standards for certain hospital, surgical, and maternity benefits; basis of contract reserve standards for certain cancer expense benefits and accidental death benefits.
- Mich. Comp. Laws § 500.731Disability benefits for group health insurance certificates; minimum morbidity standards.
- Mich. Comp. Laws § 500.733Maximum interest rates.
- Mich. Comp. Laws § 500.735Mortality basis; use of other mortality tables; request for approval.
- Mich. Comp. Laws § 500.737Rules.
- Mich. Comp. Laws § 500.808Stock or mutual insurers; unearned premium reserves, pro rata basis, computation.
- Mich. Comp. Laws § 500.810Reserves; computation; additional reserves; plan to restore compliance; effect of noncompliance; examination of reserve practices and investment incomes.
- Mich. Comp. Laws § 500.814Certification of loss reserves.
- Mich. Comp. Laws § 500.814aStatement of actuarial opinion; filing requirements; confidentiality; Michigan automobile insurance placement facility not property and casualty insurer.
- Mich. Comp. Laws § 500.815Computation of unearned premium reserve on mortgage guaranty insurance.
- Mich. Comp. Laws § 500.815aEstablishment of contingency reserve by mortgage guaranty insurer.
- Mich. Comp. Laws § 500.830Life insurance policies and annuity and pure endowment contracts; life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts; annual valuation of reserves; limitation; valuation fee; adopting lower standard of valuation; valuation of business of foreign cooperative or assessment insurer; definitions.
- Mich. Comp. Laws § 500.830aLife insurance; actuarial opinion; form; submission to director; liability of actuary; “qualified actuary” defined; limitation; public hearing; company with outstanding life insurance contracts, accident and health insurance contracts, or deposit-type contracts; actuarial opinion; requirements; definitions.
- Mich. Comp. Laws § 500.831Domestic insurer's business in foreign country; variance of mortality standard.
- Mich. Comp. Laws § 500.832Valuation of life insurance policies and contracts issued before operative date of standard nonforfeiture law.
- Mich. Comp. Laws § 500.834Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves; definitions.
- Mich. Comp. Laws § 500.835Valuation of individual annuity and pure endowment contracts; minimum standard; notice of election to invoke section; failure to make election; definitions.
- Mich. Comp. Laws § 500.835aIndividual annuity and pure endowment contracts purchased after December 31, 2014; annuities and pure endowments purchased after December 31, 2014 under group annuity and pure endowment contracts; valuation; tables and interest rates; definitions.
- Mich. Comp. Laws § 500.836Calendar year statutory valuation interest rates; use; determination; weighting factors; “reference interest rate” defined; alternative method for determination of reference interest rate; changes to policy or contract forms; computing reference interest rate for calendar year 1986.
- Mich. Comp. Laws § 500.836aValuation of disability plans and contracts issued before date of valuation manual; regulations; accidental and health insurance contracts; definitions.
- Mich. Comp. Laws § 500.836bValuation manual; establishment of reserves using principle-based valuation; duties of company; confidential information; definitions.
- Mich. Comp. Laws § 500.837Definitions; valuation requirements for universal life insurance policies.
- Mich. Comp. Laws § 500.838Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
- Mich. Comp. Laws § 500.838aDefinitions; 2001 CSO preferred class structure mortality table.
- Mich. Comp. Laws § 500.839Capital notes.
- Mich. Comp. Laws § 500.841Valuation of certain bonds or other evidences of debt.
- Mich. Comp. Laws § 500.842Valuation of certain securities, stocks, or shares.
- Mich. Comp. Laws § 500.901Asset requirements for insurers.