§ 500.1751 Limitation of chapter in accordance with other applicable state laws; exception
§ 500.1753 Applicability of chapter
§ 500.1755 Definitions
§ 500.1757 Corporate governance annual disclosure; requirements; reporting at separate levels; exception for substantially similar documents
§ 500.1759 Corporate governance policies; information made available to director
§ 500.1761 Proprietary information; confidentiality; disclosure; exemption from freedom of information act; testimony in civil action; duties of director
§ 500.1763 Third-party consultants and National Association of Insurance Commissioners (NAIC); confidentiality; written agreement
§ 500.1765 Failure to file corporate governance annual disclosure; civil fine; waiver
§ 500.1767 Severability
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Terms Used In Michigan Laws > Chapter 500 > Act 218 of 1956 > Chapter 17A - Corporate Governance Annual Disclosure

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Board: means the state board of forensic polygraph examiners. See Michigan Laws 338.1703
  • CGAD: means a confidential report filed by the insurer or insurance group made in accordance with the requirements of this chapter. See Michigan Laws 500.1755
  • Commissioner: means the director. See Michigan Laws 500.102
  • Department: means the department of insurance and financial services. See Michigan Laws 500.102
  • Director: means , unless the context clearly implies a different meaning, the director of the department. See Michigan Laws 500.102
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Examiner: means any person, other than an intern, who does any of the following:
    (i) Purports to detect deception, verify truthfulness, or provide a diagnostic opinion of these matters through instrumentation or the use of a mechanical device. See Michigan Laws 338.1703
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • Insurance group: means insurers and affiliates included within an insurance holding company system. See Michigan Laws 500.1755
  • Insurance holding company system: means 2 or more affiliated persons, 1 or more of which is an insurer. See Michigan Laws 500.115
  • Insurer: means that term as defined in section 1701. See Michigan Laws 500.1755
  • Intern: means a person who is actively engaged in an approved training program pursuant to becoming an examiner. See Michigan Laws 338.1703
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • NAIC: means that term as defined in section 1701. See Michigan Laws 500.1755
  • Person: means any natural person, firm, association, partnership, or corporation. See Michigan Laws 338.1703
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Quorum: The number of legislators that must be present to do business.
  • seal: shall be construed to include any of the following:
    •     (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • United States: shall be construed to include the district and territories. See Michigan Laws 8.3o