Michigan § 500.403 - Insurers; authorization to do business.
Full text of Michigan Michigan Compiled Laws § 500.403 — Insurers; authorization to do business. , with citation guidance and answers to common questions.
§ 500.403. Insurers; authorization to do business.
A domestic, foreign, or alien insurer shall not be authorized to do business in this state or continue to be authorized to do business in this state if the insurer is not or does not continue to be safe, reliable, and entitled to public confidence.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.403
What does Michigan Compiled Laws § 500.403 cover?
Section 500.403 ("Insurers; authorization to do business. ") 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 § 500.403?
A common citation format is "Michigan Compiled Laws § 500.403" (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 § 500.403 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.