Michigan Compiled Laws
218-1956-18 - Chapter 18 (500.1801...500.1864)
Section 500.1815 - Risk Retention Group Not Chartered in State and Doing Business in State; Compliance Required; Examination of Financial Condition.

Sec. 1815.
(1) A risk retention group, not chartered in this state and doing business in this state, and the risk retention group's agents and representatives, shall comply with chapter 20.
(2) A risk retention group not chartered in this state and doing business in this state shall submit to an examination by the commissioner to determine its financial condition if the commissioner of the charter state has not initiated an examination or does not initiate an examination within 60 days after a request by the commissioner of this state. An examination under this subsection should be coordinated with examination requests in other states to avoid unjustified repetition and conducted in an expeditious manner in accordance with generally accepted auditing standards.
History: Add. 1989, Act 214, Eff. Jan. 1, 1990 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)

218-1956-18 - 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Section 500.1804 - Repealed. 1980, Act 341, Eff.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Section 500.1806 - Repealed. 1980, Act 341, Eff.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Section 500.1810 - Repealed. 1980, Act 341, Eff.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Section 500.1812 - Repealed. 1980, Act 341, Eff.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.