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Public Act Number: 283
Public Act Year: 2000
Document Type(s): MCLs
(5 results found)
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Document Type Description
Section 500.1101 Section “Qualified United States financial institution” defined.
Section 500.1103 Section Credit for reinsurance as asset or reduction from liability; accredited reinsurer; trust fund; requirements; report to director; certified reinsurer requirements; obligation to arbitrate; trust agreement; list of reciprocal jurisdictions; suspension or revocation; hearing; recoverable assets; diversification; member of catastrophic claims association; definitions.
Section 500.1105 Section Reduction from liability by ceding insurer to assuming insurer not meeting requirements of MCL 500.1103; security.
Section 500.1125 Section Reinsurance agreement; use; execution; “reasonable period of time” defined; provisions; assumption of obligations by life and health insurance guaranty association.
Section 500.8132 Section Amount recoverable by liquidator from reinsurers; reduction prohibited; reinsurer's obligation to insurer's estate; assumption of obligations by life and health insurance guaranty association.