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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 500.1807 Risk retention group chartered in state; plan of operation or feasibility study.
Universal Citation: MI Comp L § 500.1807 (2017)
500.1807 Risk retention group chartered in state; plan of operation or feasibility study.
Sec. 1807.
Before it may offer insurance in this state, a risk retention group chartered in this state shall submit to the commissioner for approval a plan of operation or feasibility study and, within 10 days of a change, shall submit an appropriate revision if a subsequent material change in an item of the plan of operation or feasibility study occurs. The risk retention group shall not offer any additional kinds of liability insurance until a revision of the plan of operation or feasibility study is approved by the commissioner.
History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218
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