Section 500.6402 - Domestic cooperative plan insurers; organization.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.6402 Domestic cooperative plan insurers; organization.
Sec. 6402.
Subject to the requirements of chapter 50 (organization of domestic insurers) and 52 (corporate powers, procedures of domestic insurers), any number of persons, not less than 7, residents of this state, may incorporate for the purpose of carrying on upon the assessment or cooperative plan, the kind or kinds of insurance enumerated in any 1 or more subdivisions of section 6406.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218