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Mich. Comp. Laws § 500.922

Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization.

Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective

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Mich. Comp. Laws § 500.922, Qualified assets in stocks, bonds, or evidences of corporate indebtedness; authorization, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367321
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Qualified assets for purposes of section 901 include stocks, bonds, and other evidence of indebtedness of solvent corporations as approved by its board of directors or a committee of the board entrusted with the investment of the company's funds. The insurer may hold the stocks, bonds, and other evidences of indebtedness as an investment.