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LUDINGTON SERVICE v. ACTING COMMISSIONER OF INS.

Docket Nos. 95123, 95124, (Calendar No. 9).

444 Mich. 481 (1994)

511 N.W.2d 661

LUDINGTON SERVICE CORPORATION v. ACTING COMMISSIONER OF INSURANCE

Supreme Court of Michigan.

Decided January 25, 1994.

Attorney(s) appearing for the Case

Honigman, Miller, Schwartz & Cohn (by John D. Pirich and Timothy Sawyer Knowlton) for the plaintiff.

Frank J. Kelley, Attorney General, Thomas L. Casey, Solicitor General, and Harry G. Iwasko, Jr., and William A. Chenoweth, Assistant Attorneys General, for the defendant.

Michael A. Zagaroli for the intervening defendants.

Amicus Curiae:

Warner, Norcross & Judd (by James H. Breay) for Michigan Bankers Association.

RILEY, J.

We granted leave to appeal in this declaratory relief action to decide whether Ludington Savings Bank's proposed business plan to purchase and operate an existing insurance agency through its wholly owned subsidiary, Ludington Service Corporation, would violate the Insurance Code. Specifically, we must decide whether the Commissioner of Insurance erred in concluding that the bank's proposed business plan would violate MCL 500.1207(3); MSA 24.11207(3), MCL...

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