Michigan § 550.353 Supervision by insurance commissioner; incorporation procedures.

Michigan Statutes

§ 550.353 — Supervision by insurance commissioner; incorporation procedures.

Michigan § 550.353

Ch. 550GENERAL INSURANCE LAWS

Act 125 of 1963NONPROFIT DENTAL CARE CORPORATIONS (550.351-550.373)

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Bluebook

Mich. Comp. Laws § 550.353 (2026).

Text

NONPROFIT DENTAL CARE CORPORATIONS (EXCERPT) Act 125 of 1963 550.353 Supervision by insurance commissioner; incorporation procedures. Sec.

3.A nonprofit dental care corporation is subject to regulation and supervision by the commissioner of insurance as hereinafter provided. Any law of this state now or hereafter in force relating to insurance or corporations engaged in the business of insurance shall not apply unless such law specifically, in exact terms, applies to nonprofit dental care corporations. A nonprofit dental care corporation may not be incorporated in this state except under the provisions of this act, but nothing herein contained limits the corporations formed under Act No. 108 of the Public Acts of 1939, being sections 550.301 to 550.316 of the Compiled Laws of 1948, in pro

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NONPROFIT DENTAL CARE CORPORATIONS (EXCERPT) Act 125 of 1963 550.353 Supervision by insurance commissioner; incorporation procedures. Sec. 3. A nonprofit dental care corporation is subject to regulation and supervision by the commissioner of insurance as hereinafter provided. Any law of this state now or hereafter in force relating to insurance or corporations engaged in the business of insurance shall not apply unless such law specifically, in exact terms, applies to nonprofit dental care corporations. A nonprofit dental care corporation may not be incorporated in this state except under the provisions of this act, but nothing herein contained limits the corporations formed under Act No. 108 of the Public Acts of 1939, being sections 550.301 to 550.316 of the Compiled Laws of 1948, in providing care to subscribers.

Legislative History

1963, Act 125, Eff. Sept. 6, 1963 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.