Mich. Admin. Code R. 500.622

Current through Vol. 24-21, December 1, 2024

Section R. 500.622 - Certificates of authority; applications

Rule 622. Application for a certificate of authority which specifically provides for issuance of contracts on a variable basis shall be made to the commissioner in writing and shall be accompanied by all of the following:

(a) A certified copy of the resolution of the insurer's board of directors establishing the separate account.

(b) A written general description of the kinds of variable contracts the insurer intends to issue.

(c) A written general description of the program the insurer intends to use to market the contracts.

Mich. Admin. Code R. 500.622

1979 AC