Chapter

CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS

Mich. Comp. Laws § 500.5200— Applicability of chapter
Mich. Comp. Laws § 500.5202— Life, accident or sickness insurers; reorganization under code
Mich. Comp. Laws § 500.5204— Companies deemed bodies corporate and politic; corporation law applicable
Mich. Comp. Laws § 500.5205— Proof of corporate existence and authority to insure
Mich. Comp. Laws § 500.5206— Corporate powers; enumeration; exercise by board of directors
Mich. Comp. Laws § 500.5208— Corporate powers; limitations; applicability of prohibition; services performed in connection with noninsured benefit plan; provisions; interference with rights and obligations under collective bargaining agreement prohibited; report; liability of employee covered under noninsured benefit plan; “noninsured benefit plan” or “plan” defined
Mich. Comp. Laws § 500.5208a— Definitions; prohibited conduct; probable cause of violation; notice of hearing; opportunity to confer and discuss complaint and proceedings; action for damages; hearing; findings and decision; cease and desist order; processing claims for benefits; interest; claim form; service contract provisions; violation of section; penalties; severability
Mich. Comp. Laws § 500.5209— Insurer's name; restrictions
Mich. Comp. Laws § 500.5210— Dealing in commodities prohibited; exception
Mich. Comp. Laws § 500.5214— Articles of incorporation; amendment
Mich. Comp. Laws § 500.5215— Articles of domestic stock insurer; amendment as to increase, decrease, or reclassification of capital stock
Mich. Comp. Laws § 500.5216— Articles; amendment as to reduction of capital; condition; methods of effecting reduction
Mich. Comp. Laws § 500.5218— Increase or decrease of capital stock; authorization by commissioner; approval by stockholders; vote; final approval; par value of stock; issuance of new stock
Mich. Comp. Laws § 500.5220— Blank forms for amending articles
Mich. Comp. Laws § 500.5222— Corporate life; extension
Mich. Comp. Laws § 500.5224— Corporate life; expiration, liquidation
Mich. Comp. Laws § 500.5228— Bylaws; adoption; filing
Mich. Comp. Laws § 500.5230— Special meetings of stockholders or members; notice of meetings
Mich. Comp. Laws § 500.5232— Voting rights; stockholders, members, proxies, fiduciaries, pledgees
Mich. Comp. Laws § 500.5234— Stockholders and members; voting rights, quorum
Mich. Comp. Laws § 500.5236— Voting rights; inspectors of election
Mich. Comp. Laws § 500.5238— Trustees or directors; residency requirement; director as policyholder of insurer; meetings; frequency; oath
Mich. Comp. Laws § 500.5240— Discharging duties of director or officer; commencement of action for failure to perform duties
Mich. Comp. Laws § 500.5241— Indemnification against expenses of action, suit, or proceeding generally
Mich. Comp. Laws § 500.5242— Indemnification against expenses of action, suit, or proceeding; additional provisions
Mich. Comp. Laws § 500.5242a— Indemnification against expenses of action, suit, or proceeding; mandatory; standard of conduct; determination
Mich. Comp. Laws § 500.5242b— Payment of expenses in advance of final disposition of action, suit, or proceeding; undertaking
Mich. Comp. Laws § 500.5242c— Indemnification or advancement of expenses not exclusive of other rights; indemnification inuring to benefit of heirs, executors, and administrators
Mich. Comp. Laws § 500.5242d— “Corporation” defined for purposes of MCL 500.5241 to 500.5242c
Mich. Comp. Laws § 500.5244— Liability for payment under invalid law or ordinance
Mich. Comp. Laws § 500.5245— Board of directors; quorum; special meetings; consent to action taken without meeting
Mich. Comp. Laws § 500.5246— Officers and agents; appointment, removal, bond
Mich. Comp. Laws § 500.5248— Directors, officers, and employees of domestic insurer; compensation
Mich. Comp. Laws § 500.5252— Director or officer of insurance corporation; receiving money or valuables for, or having pecuniary interest in, purchase, sale, or loan prohibited; certain transactions not prohibited; issuing certificate of exemption; hearing; refusal to issue certificate; order; judicial review; violation as felony; penalty
Mich. Comp. Laws § 500.5256— Records relating to insurer's business or affairs; locations; production; safekeeping of securities, notes, mortgages, or other evidences of indebtedness; exceptions; holding certificates in name of nominee; indorsement; control or possession of certificate; reproduction of records; removal of records; hearing; findings, decision, and order; violation of section; liability; failure to comply with order; transfer of domicile
Mich. Comp. Laws § 500.5258— Acknowledgments
Mich. Comp. Laws § 500.5260— Stock certificates; substitutions
Mich. Comp. Laws § 500.5264— Expenditures, vouchers, and affidavits
Mich. Comp. Laws § 500.5266— Dividends to stockholders; general provision
Mich. Comp. Laws § 500.5267— Dividends to stockholders; domestic fire insurance company
Mich. Comp. Laws § 500.5270— Insurer's rights as stockholder in other corporations
Mich. Comp. Laws § 500.5272— Domestic fire insurance company; deficiency of assets; notice; cessation of business; liability
Mich. Comp. Laws § 500.5274— Domestic fire insurance company; assessment of stockholders
Mich. Comp. Laws § 500.5276— Domestic fire insurance company; liability of directors under new risks accepted during deficiency
Mich. Comp. Laws § 500.5280— Domestic mutual insurer; assets; deficiency; liability of director
Mich. Comp. Laws § 500.5282— Domestic stock insurer; statement of beneficial ownership of equity securities
Mich. Comp. Laws § 500.5283— Unfair use of information; prevention; actions for recovery of profits; limitations; exempt transactions
Mich. Comp. Laws § 500.5283a— Acquisition of stock or stock option; exemption from MCL 500.5283; conditions; definition
Mich. Comp. Laws § 500.5283b— Selection of director or officer to whom stock allocated or options granted; exercise of discretion; director or committee member as disinterested person; section inapplicable to certain options or equity securities
Mich. Comp. Laws § 500.5283c— Stock purchase plan; limitations
Mich. Comp. Laws § 500.5284— Securities not owned; sale; failure to deliver to transferee; exception
Mich. Comp. Laws § 500.5285— Nonapplication of sections to certain transactions
Mich. Comp. Laws § 500.5286— Foreign or domestic arbitrage transactions; exemptions
Mich. Comp. Laws § 500.5287— Equity security; definition
Mich. Comp. Laws § 500.5288— Registered equity securities; exemptions; conditions
Mich. Comp. Laws § 500.5289— Insurance commissioner; regulatory powers; effect of good faith
Mich. Comp. Laws § 500.5290— Unlawful solicitation; use of name to solicit proxies or consents