Sec. 1813. A risk retention group that does not have a certificate of authority issued by the commissioner shall be liable for the payment of a tax of 2% on direct business for a risk resident or located within this state and, instead of the costs and expenses that may be imposed by the commissioner pursuant to this chapter, an additional regulatory fee of 0.5% on direct business for a risk resident or located within this state and shall report to the commissioner the net direct premiums written for that business.
Mich. Comp. Laws § 500.1813
Risk retention group without certificate of authority issued by commissioner; tax; regulatory fee; report
Applied in 1 court decision — leading case 174 F. Supp. 2d 619 - Attorneys' Liability Assurance Society, Inc. v. Fitzgerald (2001)
Most recently applied in 174 F. Supp. 2d 619 - Attorneys' Liability Assurance Society, Inc. v. Fitzgerald (November 2001)
Add. 1989, Act 214, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.