§ 500.6400 Scope of chapter
§ 500.6402 Domestic cooperative plan insurers; organization
§ 500.6406 Domestic cooperative plan insurers; authorized kinds of insurance
§ 500.6410 Domestic cooperative plan insurers; qualifications for certificate of authority; issuance of policies
§ 500.6412 Domestic cooperative plan insurers; life insurer; qualifications to write annuity contracts
§ 500.6414 Domestic cooperative plan insurers; qualifications to write group insurance
§ 500.6418 Domestic cooperative plan insurers; directors; selection at annual meetings; first annual meeting
§ 500.6422 Domestic cooperative plan insurers; members; voting; quorum; inspection of books
§ 500.6428 Insurer transacting business under MCL 500.6406 subject to certain provisions
§ 500.6432 Domestic cooperative plan insurers; reserves; standards applicable
§ 500.6434 Contingency reserve; deposit
§ 500.6436 Domestic cooperative plan insurers; unlawful use of reserve funds; penalty
§ 500.6440 Domestic cooperative plan insurers; assessment of members; nonassessable policies
§ 500.6446 Domestic cooperative plan insurers; limits of risk; increased reserve; reinsurance
§ 500.6450 Guaranty fund; agreement; terms; repayment; other borrowed money
§ 500.6456 Domestic cooperative plan insurers; conversion into mutual insurer; procedure
§ 500.6460 New insurers organized after December 31, 1993
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Terms Used In Michigan Laws > Chapter 500 > Act 218 of 1956 > Chapter 64 - Cooperative Plan Insurers (Domestic)

  • 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.
  • annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Board: means the board of trustees of the library created in section 4. See Michigan Laws 397.12
  • Commissioner: means the director. See Michigan Laws 500.102
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Department: means the department of history, arts, and libraries. See Michigan Laws 397.12
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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
  • Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Library: means the library of Michigan. See Michigan Laws 397.12
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Majority leader: see Floor Leaders
  • Minority leader: See Floor Leaders
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Rate: means the cost of insurance per payroll before adjustment for an individual insured's size, exposure, or loss experience. See Michigan Laws 500.2402
  • Rule: means a rule promulgated pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24. See Michigan Laws 397.12
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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