Michigan Laws 500.110 – Domestic, foreign, alien; definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this code:
(1) “Domestic” insurer means an insurer formed under the laws of this state.
Terms Used In Michigan Laws 500.110
- 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
- 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
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(2) “Foreign” insurer means an insurer formed under the laws of the District of Columbia, or some state, commonwealth, territory, or possession of the United States of America other than the state of Michigan.
(3) “Alien” insurer means an insurer formed under the laws of a country other than the United States of America or any state, district, commonwealth, territory, or possession of the United States of America.
(4) Unless the context otherwise requires or unless the same subject is treated in this code by a provision expressly applying to alien insurers, the term “foreign insurer” as used in a particular section of this code shall be deemed to include also alien insurers.