Subarticle - CHAPTER 52. CORPORATE POWERS, PROCEDURES OF STOCK AND MUTUAL INSURERS
- Section 500.5200 - Applicability of chapter
- Section 500.5202 - Life, accident or sickness insurers; reorganization under code
- Section 500.5204 - Companies deemed bodies corporate and politic; corporation law applicable
- Section 500.5205 - Proof of corporate existence and authority to insure
- Section 500.5206 - Corporate powers; enumeration; exercise by board of directors
- Section 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
- Section 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
- Section 500.5209 - Insurer's name; restrictions
- Section 500.5210 - Dealing in commodities prohibited; exception
- Section 500.5214 - Articles of incorporation; amendment
- Section 500.5215 - Articles of domestic stock insurer; amendment as to increase, decrease, or reclassification of capital stock
- Section 500.5216 - Articles; amendment as to reduction of capital; condition; methods of effecting reduction
- Section 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
- Section 500.5220 - Blank forms for amending articles
- Section 500.5222 - Corporate life; extension
- Section 500.5224 - Corporate life; expiration, liquidation
- Section 500.5228 - Bylaws; adoption; filing
- Section 500.5230 - Special meetings of stockholders or members; notice of meetings
- Section 500.5232 - Voting rights; stockholders, members, proxies, fiduciaries, pledgees
- Section 500.5234 - Stockholders and members; voting rights, quorum
- Section 500.5236 - Voting rights; inspectors of election
- Section 500.5238 - Trustees or directors; residency requirement; director as policyholder of insurer; meetings; frequency; oath
- Section 500.5239 - [Repealed]
- Section 500.5240 - Discharging duties of director or officer; commencement of action for failure to perform duties
- Section 500.5241 - Indemnification against expenses of action, suit, or proceeding generally
- Section 500.5242 - Indemnification against expenses of action, suit, or proceeding; additional provisions
- Section 500.5242a - Indemnification against expenses of action, suit, or proceeding; mandatory; standard of conduct; determination
- Section 500.5242b - Payment of expenses in advance of final disposition of action, suit, or proceeding; undertaking
- Section 500.5242c - Indemnification or advancement of expenses not exclusive of other rights; indemnification inuring to benefit of heirs, executors, and administrators
- Section 500.5242d - "Corporation" defined for purposes of MCL 500.5241 to 500.5242c
- Section 500.5243 - [Repealed]
- Section 500.5244 - Liability for payment under invalid law or ordinance
- Section 500.5245 - Board of directors; quorum; special meetings; consent to action taken without meeting
- Section 500.5246 - Officers and agents; appointment, removal, bond
- Section 500.5248 - Directors, officers, and employees of domestic insurer; compensation
- Section 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
- Section 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
- Section 500.5258 - Acknowledgments
- Section 500.5260 - Stock certificates; substitutions
- Section 500.5264 - Expenditures, vouchers, and affidavits
- Section 500.5266 - Dividends to stockholders; general provision
- Section 500.5267 - Dividends to stockholders; domestic fire insurance company
- Section 500.5270 - Insurer's rights as stockholder in other corporations
- Section 500.5272 - Domestic fire insurance company; deficiency of assets; notice; cessation of business; liability
- Section 500.5274 - Domestic fire insurance company; assessment of stockholders
- Section 500.5276 - Domestic fire insurance company; liability of directors under new risks accepted during deficiency
- Section 500.5280 - Domestic mutual insurer; assets; deficiency; liability of director
- Section 500.5282 - Domestic stock insurer; statement of beneficial ownership of equity securities
- Section 500.5283 - Unfair use of information; prevention; actions for recovery of profits; limitations; exempt transactions
- Section 500.5283a - Acquisition of stock or stock option; exemption from MCL 500.5283; conditions; definition
- Section 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
- Section 500.5283c - Stock purchase plan; limitations
- Section 500.5284 - Securities not owned; sale; failure to deliver to transferee; exception
- Section 500.5285 - Nonapplication of sections to certain transactions
- Section 500.5286 - Foreign or domestic arbitrage transactions; exemptions
- Section 500.5287 - Equity security; definition
- Section 500.5288 - Registered equity securities; exemptions; conditions
- Section 500.5289 - Insurance commissioner; regulatory powers; effect of good faith
- Section 500.5290 - Unlawful solicitation; use of name to solicit proxies or consents