Michigan Laws 500.8102 – Applicability of proceedings authorized by chapter
Current as of: 2023 | Check for updates
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The proceedings authorized by this chapter may be applied to:
(a) An insurer who is transacting, or has transacted, insurance business in this state, and against whom claims arising from that business may exist now or in the future.
Terms Used In Michigan Laws 500.8102
- 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: means a state, district, or territory of the United States. See Michigan Laws 500.8103
(b) An insurer who purports to transact an insurance business in this state.
(c) An insurer who has insureds resident in this state.
(d) All other persons organized or in the process of organizing with the intent to transact an insurance business in this state.