Michigan § 500.1375 - Violation of chapter; receivership.
Full text of Michigan Michigan Compiled Laws § 500.1375 — Violation of chapter; receivership. , with citation guidance and answers to common questions.
§ 500.1375. Violation of chapter; receivership.
If it appears to the commissioner that a person has committed a violation of this chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, the commissioner may proceed as provided in chapter 81 to take possession of the property of the domestic insurer and conduct the insurer's business.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1375
What does Michigan Compiled Laws § 500.1375 cover?
Section 500.1375 ("Violation of chapter; receivership. ") 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 § 500.1375?
A common citation format is "Michigan Compiled Laws § 500.1375" (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 § 500.1375 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.