Section 500.5801 - Formation of domestic mutual insurer; nonprofit status; powers of nonprofit mutual disability insurer; limitation(1) A domestic mutual insurer may be formed with nonprofit status.(2) A nonprofit mutual disability insurer has all powers of a mutual insurer organized under this chapter unless expressly reserved. A nonprofit mutual disability insurer that has merged with a nonprofit health care corporation as provided in section 5805(1) shall not convert its status to a stock insurer under chapter 59 or reorganize under chapter 60.Added by 2013, Act 5,s 15, eff. 3/18/2013.