Michigan § 500.4121 - Modified guaranteed annuity separate accounts.
Full text of Michigan Michigan Compiled Laws § 500.4121 — Modified guaranteed annuity separate accounts., with citation guidance and answers to common questions.
§ 500.4121. Modified guaranteed annuity separate accounts.
The following requirements apply to the establishment and administration of modified guaranteed annuity separate accounts by a domestic insurer:
An insurer issuing a modified guaranteed annuity shall establish 1 or more separate accounts pursuant to this chapter.
The insurer shall maintain in each separate account assets with a market value or other value comporting to standards set out in this chapter, at least equal to the valuation reserves and other contract liabilities respecting the account.
Investments of the separate account shall be valued at their market value on the date of valuation, or at amortized cost if it approximates market value, or pursuant to standards contained in this chapter.
Unless otherwise approved by the commissioner, separate accounts relating to modified guaranteed annuities shall be subject to investment laws applicable to the insurer's general asset account.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4121
What does Michigan Compiled Laws § 500.4121 cover?
Section 500.4121 ("Modified guaranteed annuity separate accounts.") 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 § 500.4121?
A common citation format is "Michigan Compiled Laws § 500.4121" (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 § 500.4121 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.