Michigan Compiled Laws
218-1956-18 - Chapter 18 (500.1801...500.1864)
Section 500.1805 - Risk Retention Group Chartered in State; Summary Form of Required Information.

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1990 Compiler's Notes: Former MCL 500.1805, which provided a penalty for fire insurance with unauthorized insurer, was repealed by Act 341 of 1980, Eff. June 23, 1981.Popular Name: Act 218

<< Previous
Next >>

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)

218-1956-18 - Chapter 18 (500.1801...500.1864)

Section 500.1801 - Definitions.

Section 500.1803 - Risk Retention Group Chartered in State; Certificate of Authority; License; Compliance.

Section 500.1804 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1805 - Risk Retention Group Chartered in State; Summary Form of Required Information.

Section 500.1806 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1807 - Risk Retention Group Chartered in State; Plan of Operation or Feasibility Study.

Section 500.1809 - Risk Retention Group Chartered in State; Name.

Section 500.1810 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1811 - Risk Retention Group Not Chartered in State; Submission of Information to Commissioner.

Section 500.1812 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1813 - Risk Retention Group Without Certificate of Authority Issued by Commissioner; Tax; Regulatory Fee; Report.

Section 500.1815 - Risk Retention Group Not Chartered in State and Doing Business in State; Compliance Required; Examination of Financial Condition.

Section 500.1817 - Risk Retention Group Not Chartered in State and Doing Business in State; Voluntary Dissolution or Delinquency Proceeding.

Section 500.1819 - Notice Required on Application Form and Front and Declaration Pages of Policy.

Section 500.1820 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1821 - Risk Retention Group Chartered or Doing Business in State; Prohibited Conduct.

Section 500.1822 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1823 - Violation; Fines and Penalties; Compliance.

Section 500.1825 - Purchasing Group; Information Required Before Doing Business in State.

Section 500.1827 - Purchasing Group and Insurer Thereof; Registration Fee; Statement of Registration; Applicability of Subsection (1); Information to Be Furnished.

Section 500.1828 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1829 - Purchase of Insurance by Purchasing Group; Written Information to Members; Deductible or Self-Insured Retention.

Section 500.1830 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1831 - Premium Taxes and Other Taxes.

Section 500.1832 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1833 - Prohibitions Regarding Property and Casualty Guaranty Association or Similar Association; Risks Covered by Property and Casualty Guaranty Association; Participating Member in Michigan Automobile Insurance Placement Facility; Submis...

Section 500.1835 - Licensing as Condition to Soliciting, Negotiating, or Procuring Liability Insurance; Residency Requirement for Agent or Broker; Licensure of Nonresident.

Section 500.1837 - Enforcement.

Section 500.1839 - Financial Responsibility.

Section 500.1840 - Repealed. 1980, Act 341, Eff. June 23, 1981.

Section 500.1841 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.

Section 500.1843-500.1864 - Repealed. 1980, Act 341, Eff. June 23, 1981.