SB495 — Insurance: fraternal benefit societies; liquidation and rehabilitation procedures; modify. Amends sec. 8182 of 1956 PA 218 (MCL 500.8182) & adds secs. 8199b & 8199c.

SB495 — Insurance: fraternal benefit societies; liquidation and rehabilitation procedures; modify. Amends sec. 8182 of 1956 PA 218 (MCL 500.8182) & adds secs. 8199b & 8199c. · Informed CitizenryThis bill amends the insurance code of 1956 to modify the rules governing fraternal benefit societies, specifically regarding benefit contracts, hazardous conditions, and liquidation or rehabilitat…Open in Informed Citizenry