Insurers; financial conditions; compliance required.

Sec. 404. Every like domestic, foreign, or alien insurer doing business in this state shall at all times be subject to the same standards and requirements concerning financial conditions and shall be in substantial compliance with those standards and requirements. History: 1956, Act 218, Eff. Jan. 1, 1957; Am. 1992, Act 182, Imd. Eff. Oct. 1, 1992