Mich. Comp. Laws § 500.433

Current through Public Act 148 of the 2024 Legislative Session

Section 500.433 - Trusteed assets below minimum required; proceeding against alien insurer

If it appears to the commissioner from any annual or quarterly statement or any other report that a U.S. branch's trusteed assets are below the minimum required to be maintained pursuant to section 431c, the commissioner may proceed against the alien insurer pursuant to the provisions of chapter 81 as an insurer whose condition no longer meets the requirements of section 403.

MCL 500.433

Add. 1994, Act 227, Imd. Eff. 6/27/1994 .