Michigan § 500.6822 - Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business.
Full text of Michigan Michigan Compiled Laws § 500.6822 — Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business., with citation guidance and answers to common questions.
§ 500.6822. Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing business.
An insurance company organized or operating under this chapter shall not transact any business without a certificate of authority from the commissioner.
All such certificates of authority shall expire on the last day of June of each year and shall be renewed annually upon full compliance with the provisions of this chapter, and such certificates of authority shall be revocable by the commissioner for violation of any of the provisions of this chapter after due notice to the company and a hearing on the question of the violation.
An insurance company hereafter organized under this chapter shall not be granted a certificate of authority and shall not commence business until bona fide agreements have been entered into for insurance with at least 200 individuals covering property to be insured to the amount of not less than $500,000.00.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.6822
What does Michigan Compiled Laws § 500.6822 cover?
Section 500.6822 ("Certificate of authority; required to transact business; expiration; renewal; revocation; qualification for certificate of authority or commencing 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 § 500.6822?
A common citation format is "Michigan Compiled Laws § 500.6822" (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 § 500.6822 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.