Insurers; authorization to do business.

Sec. 403. A domestic, foreign, or alien insurer shall not be authorized to do business in this state or continue to be authorized to do business in this state if the insurer is not or does not continue to be safe, reliable, and entitled to public confidence. History: 1956, Act 218, Eff. Jan. 1, 1957; Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992