Mich. Comp. Laws § 500.1805

Current through Public Act 148 of the 2024 Legislative Session
Section 500.1805 - Risk retention group chartered in state; summary form of required information

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.

MCL 500.1805

Add. 1989, Act 214, Eff. 1/1/1990 .