Michigan Compiled Laws
218-1956-11A - Chapter 11a Reinsurance Intermediaries (500.1151...500.1171)
Section 500.1167 - Reinsurance Intermediary and Reinsurance Intermediary-Manager; Examination of Books, Bank Accounts, and Records.

Sec. 1167.
(1) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.
(2) A reinsurance intermediary-manager may be examined as if it were the reinsurer.
History: Add. 1994, Act 226, Imd. Eff. June 27, 1994 Popular Name: Act 218

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)

218-1956-11A - Chapter 11a Reinsurance Intermediaries (500.1151...500.1171)

Section 500.1151 - Definitions.

Section 500.1153 - Person Acting as Reinsurance Intermediary-Broker; Bond; License; Nonresident; Service of Process; Refusal to Issue License.

Section 500.1155 - Transactions Between Reinsurance Intermediary-Broker and Insurer; Authorization.

Section 500.1157 - Record of Transaction.

Section 500.1159 - Person Acting as Reinsurance-Broker; License Required; Employment of Individual Employed by Reinsurance Intermediary-Broker; Annual Copy of Statements of Financial Condition.