Michigan Compiled Laws

Mich. Comp. Laws § 500.476 (2026)

Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

✓ current as of July 2026

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THE INSURANCE CODE OF 1956

Act 218 of 1956

500.476 Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Repealed. 1987, Act 261, Imd. Eff. Dec. 28, 1987.

Compiler's Notes:

The repealed section pertained to deposit of securities for protection of policyholders.

PopularName Notes:

Act 218

Notes of Decisions

Cited in 5 cases, 1982–1999 · leading case: Penn Mut. Life Ins. v. Dep't of Licensing & Reg., 412 N.W.2d 668 (Mich. Ct. App. 1987).

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Penn Mut. Life Ins. v. Dep't of Licensing & Reg., 412 N.W.2d 668 (Mich. Ct. App. 1987). “(2) plaintiffs’ claims are barred by the statute of limitations; and (3) even if the premium tax is invalid, any refunds should be reduced by the retaliatory tax imposed on foreign insurers, MCL 500.476; MSA 24.1476, or the amount of tax which plaintiffs would have been subject…”

Metro. Life Ins. v. Ins. Comm'r, 473 A.2d 933 (Md. Ct. Spec. App. 1984). · cites it 2× “48A, § 61(1) (1979); Mich.Comp.Laws Ann. § 500.476 (West 1983); Miss.”

Mut. Life Ins. Co. v. Ins. Bureau, 384 N.W.2d 25 (Mich. 1986). · cites it 2× “…tax provision was upheld against a constitutional challenge. Michigan has a similar "retaliatory" tax provision. See MCL 500.476; MSA 24.1476.”

Coates v. Attorney Gen., 328 N.W.2d 113 (Mich. Ct. App. 1982). · cites it 2× “The retaliatory tax imposes a tax upon insurance companies of other states equal to that imposed on Michigan companies doing business in those states where the aggregate tax burden on Michigan companies doing business in those states exceeds the burden on companies of those…”

Tig Ins. v. Dep't of Treasury, 602 N.W.2d 839 (Mich. Ct. App. 1999). · cites it 2× “1440 (repealed), or a retaliatory tax, MCL 500.476; MSA 24.1476 (repealed). The premiums tax was computed as two to three percent of gross premiums collected, depending on the type of insurance sold, and was not imposed on domestic insurers.”

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