Michigan § 500.433 - Trusteed assets below minimum required; proceeding against alien insurer.
Full text of Michigan Michigan Compiled Laws § 500.433 — Trusteed assets below minimum required; proceeding against alien insurer., with citation guidance and answers to common questions.
§ 500.433. Trusteed assets below minimum required; proceeding against alien insurer.
If it appears to the commissioner from any annual or quarterly statement or any other report that a U.S. branch's trusteed assets are below the minimum required to be maintained pursuant to section 431c, the commissioner may proceed against the alien insurer pursuant to the provisions of chapter 81 as an insurer whose condition no longer meets the requirements of section 403.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.433
What does Michigan Compiled Laws § 500.433 cover?
Section 500.433 ("Trusteed assets below minimum required; proceeding against alien insurer.") 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 § 500.433?
A common citation format is "Michigan Compiled Laws § 500.433" (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 § 500.433 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.