Sec. 7933.
(1) The association may submit reports and make recommendations to the commissioner regarding the financial condition of any member insurer. The reports and recommendations shall not be considered public documents.
(2) After the commissioner has entered an order restricting the certificate of authority of an insurer, the association shall render advice to the commissioner, upon his or her request, concerning rehabilitation, payment of claims, continuation of coverage, or the performance of other obligations of the insurer.
(3) Any reports, recommendations, and advice prepared in compliance with this section shall be exempt from public disclosure.
History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980 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)
218-1956-79 - Chapter 79 Property and Casualty Guaranty Association (500.7901...500.7949)
Section 500.7901 - Property and Casualty Guaranty Association Act; Short Title.
Section 500.7911a - Life or Disability Insurer Not to Be Member of Association.
Section 500.7918 - Property and Casualty Guaranty Association; Powers Generally.
Section 500.7921 - “Insolvent Insurer” and “Member Insurer” Defined.
Section 500.7925 - “Covered Claims” Defined; Definitions.
Section 500.7945 - Stay of Proceedings.
Section 500.7947 - Tax Exemption.
Section 500.7949 - Insurance Commissioner; Regulatory Powers; Visitation; Examination; Hearings.