Sec. 1755.
As used in this chapter:
(a) "Corporate governance annual disclosure" or "CGAD" means a confidential report filed by the insurer or insurance group made in accordance with the requirements of this chapter.
(b) "Insurance group" means insurers and affiliates included within an insurance holding company system.
(c) "Insurer" means that term as defined in section 1701.
(d) "NAIC" means that term as defined in section 1701.
(e) "ORSA Summary Report" means that term as defined in section 1701.
History: Add. 2018, Act 520, Eff. Jan. 1, 2020 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-17A - Chapter 17a Corporate Governance Annual Disclosure (500.1751...500.1767)
Section 500.1751 - Limitation of Chapter in Accordance With Other Applicable State Laws; Exception.
Section 500.1753 - Applicability of Chapter.
Section 500.1755 - Definitions.
Section 500.1759 - Corporate Governance Policies; Information Made Available to Director.
Section 500.1765 - Failure to File Corporate Governance Annual Disclosure; Civil Fine; Waiver.