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Mich. Comp. Laws § 500.8105

Receiver; application for relief

Applied in 3 court decisions — leading case 221 Mich. App. 54 - Commissioner of Insurance v. Arcilio (1997)

Most recently applied in DeLuca v. Amica Mutual Insurance (August 2015)

Add. 1989, Act 302, Imd

How often courts cite this section

199720002010201510
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

Sec. 8105. (1) A receiver appointed in a proceeding under this chapter may at any time apply for, and the circuit court for Ingham county may grant, a restraining order, preliminary injunction, permanent injunction, and any other order as may be considered necessary and proper to prevent any of the following: (a) The transaction of further business by the insurer. (b) The transfer of property. (c) Interference with the receiver or with a proceeding under this chapter. (d) Waste of the insurer's assets. (e) Dissipation and transfer of bank accounts. (f) The institution or further prosecution of any actions or proceedings. (g) The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets, or its policyholders. (h) The levying of execution against the insurer, its assets, or its policyholders. (i) The making of a sale or deed for nonpayment of taxes or assessments that would lessen the value of the insurer's assets. (j) The withholding from the receiver of books, accounts, documents, or other records relating to the insurer's business. (k) Other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of a proceeding under this chapter. (2) The receiver may apply to a court outside of the state for the relief described in subsection (1).

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.