Michigan § 500.5509 - Certificate of division; contents; effective date.
Full text of Michigan Michigan Compiled Laws § 500.5509 — Certificate of division; contents; effective date., with citation guidance and answers to common questions.
§ 500.5509. Certificate of division; contents; effective date.
(1) After a plan of division has been adopted and approved under sections 5503 to 5507, an officer or duly authorized representative of the dividing insurer shall sign a certificate of division. The certificate of division is a public document.
(2) The certificate of division must set forth all of the following:
(a) The name of the dividing insurer.
(b) A statement disclosing whether the dividing insurer will survive the division.
(c) The name of each new insurer that will be created by the division.
(d) The date on which the division is to be effective, which must not be more than 90 days after the dividing insurer has filed the certificate of division with the department.
(e) A statement that the division was approved by the director of the department in accordance with section 5507.
(3) The articles of incorporation and bylaws of each new insurer must satisfy the requirements of the laws of this state.
(4) A certificate of division is effective when filed with the department as provided in this section or on another date specified in the plan of division, whichever is later. However, a certificate of division must become effective not more than 90 days after the related plan of division has been approved by the department. A division is effective when the relevant certificate of division is effective.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.5509
What does Michigan Compiled Laws § 500.5509 cover?
Section 500.5509 ("Certificate of division; contents; effective date.") 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 § 500.5509?
A common citation format is "Michigan Compiled Laws § 500.5509" (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 § 500.5509 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.