MCL - Section 500.404

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Chapter 500
Act 218 of 1956
218-1956-4
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956


500.404 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
Popular Name: Act 218