Michigan § 500.4723 - Insurance securitization; not considered as insurance producers or brokers.
Full text of Michigan Michigan Compiled Laws § 500.4723 — Insurance securitization; not considered as insurance producers or brokers., with citation guidance and answers to common questions.
§ 500.4723. Insurance securitization; not considered as insurance producers or brokers.
SPFC securities and preferred securities issued pursuant to an insurance securitization are not, and shall not be considered to be, insurance or reinsurance contracts. An investor in these securities or a holder or issuer of these securities, by sole means of this investment, holding, or issuance, is not, and shall not be considered to be, transacting the business of insurance in this state. The underwriter's placement agent or selling agent and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in an insurance securitization pursuant to this chapter shall not be considered to be insurance producers or brokers or conducting business as an insurance or reinsurance company or agency, brokerage, intermediary, advisory, or consulting business only by virtue of their activities in connection with them.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4723
What does Michigan Compiled Laws § 500.4723 cover?
Section 500.4723 ("Insurance securitization; not considered as insurance producers or brokers.") 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 § 500.4723?
A common citation format is "Michigan Compiled Laws § 500.4723" (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 § 500.4723 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.