Michigan § 500.8117 - Liquidation of domestic or alien insurer; basis.
Full text of Michigan Michigan Compiled Laws § 500.8117 — Liquidation of domestic or alien insurer; basis., with citation guidance and answers to common questions.
§ 500.8117. Liquidation of domestic or alien insurer; basis.
The commissioner may petition the circuit court for Ingham county for an order directing him or her to liquidate a domestic insurer or an alien insurer domiciled in this state on the following basis:
Any ground for an order of rehabilitation as specified in section 8112, whether or not there has been a prior order directing the rehabilitation of the insurer.
That the insurer is insolvent.
That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.8117
What does Michigan Compiled Laws § 500.8117 cover?
Section 500.8117 ("Liquidation of domestic or alien insurer; basis.") 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 § 500.8117?
A common citation format is "Michigan Compiled Laws § 500.8117" (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 § 500.8117 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.