Michigan § 500.1344 - Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.
Full text of Michigan Michigan Compiled Laws § 500.1344 — Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services., with citation guidance and answers to common questions.
§ 500.1344. Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.
Notwithstanding the control of a domestic insurer by any person, the insurer's officers and directors shall not be relieved of any obligation or liability to which they would otherwise be subject by law and the insurer shall be managed so as to assure its separate operating identity consistent with this act.
Nothing in this section shall preclude a domestic insurer from having or sharing a common management or cooperative or joint use of personnel, property, or services with 1 or more other persons under arrangements meeting the standards of this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1344
What does Michigan Compiled Laws § 500.1344 cover?
Section 500.1344 ("Officers and directors; obligation or liability; common management or cooperative or joint use of personnel, property, or services.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.1344?
A common citation format is "Michigan Compiled Laws § 500.1344" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.1344 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.