Mutual Life Insurance Company v. Insurance Bureau

In this case, we are asked to decide whether the Mutual Life Insurance Company of New York (mony), a foreign insurance company doing business in Michigan, is required to pay a premium tax, imposed by MCL 500.440(l)(a); MSA 24.1440(l)(a), on employee contributions paid toward a group life insurance program mony provides to its Michigan employees. We hold that the employee contributions toward their own participatory benefit plan, even though supplied by mony *659on a nonprofit, nonactuarial basis, constitute taxable premiums within the meaning of §§ 440 and 441 of the Michigan Insurance Code, and…