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Mich. Comp. Laws § 500.1453

Exceptions to provisions of chapter

Add. 1994, Act 227, Imd

Sec. 1453. The provisions of this chapter do not apply to the following: (a) Risk retention groups as defined in section 1801. (b) Captive insurers owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, owned by the insureds whose exclusive purpose is to insure risks of member organizations or group members and their affiliates.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.