Michigan § 500.946 - Home office, lands, and buildings; includable as qualified assets.
Full text of Michigan Michigan Compiled Laws § 500.946 — Home office, lands, and buildings; includable as qualified assets., with citation guidance and answers to common questions.
§ 500.946. Home office, lands, and buildings; includable as qualified assets.
Subject to the limitations in section 901, qualified assets for purposes of section 901 include a home office, lands, and buildings as follows:
A building in which the insurer has its principal home office and the land upon which the building stands.
Real estate requisite for its accommodation in the convenient transaction of its business.
Other real estate requisite or desirable for the protection or enhancement of the value of real estate described under subdivisions (a) and (b).
Any parcel of real estate acquired under this section may include excess space for rental to others or if the excess is reasonably required in order to have a building that would be an economic unit.
Real estate under this section may be subject to a mortgage.
Any real estate investment under this section that would result in a total real estate investment in excess of 10% of a domestic insurer's capital and surplus shall not be made until a certificate of permission for the purchase or construction of the property is granted by the commissioner. The commissioner may require an appraisal of the property considered for investment by 3 qualified appraisers, appointed by the commissioner for the purpose of the appraisal, and their certification to the commissioner of a valuation of the property at least equal to the amount that is proposed to be invested in the property by the insurer.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.946
What does Michigan Compiled Laws § 500.946 cover?
Section 500.946 ("Home office, lands, and buildings; includable as qualified assets.") 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 § 500.946?
A common citation format is "Michigan Compiled Laws § 500.946" (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 § 500.946 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.