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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-18 CHAPTER 18 (500.1801...500.1864)
Section 500.1805 Risk retention group chartered in state; summary form of required information.
Universal Citation: MI Comp L § 500.1805 (2017)
500.1805 Risk retention group chartered in state; summary form of required information.
Popular Name: Act 218
Sec. 1805.
To be chartered in this state, a risk retention group shall provide to the commissioner in summary form, at the time of its application for a certificate of authority, all of the following:
(a) The identity of the initial members of the risk retention group.
(b) The identity of those individuals who organized the risk retention group or who will provide administrative services or otherwise influence or control the activities of the group.
(c) The amount and nature of initial capitalization.
(d) The coverages to be afforded.
(e) The states in which the risk retention group intends to operate.
History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218
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