CHAPTER
CAPTIVE INSURANCE COMPANIES
- Mich. Comp. Laws § 500.4601— Definitions
- Mich. Comp. Laws § 500.4603— Limited certificate of authority; application; conditions; organizational documents; submission; contents; liability of director; submission of documents to attorney general for examination; duty of commissioner to require, consider, and review certain documents and factors; issuance of certificate; confidentiality; fee; foreign captive insurance company as captive insurance company
- Mich. Comp. Laws § 500.4607— Adoption of name by captive insurance company
- Mich. Comp. Laws § 500.4609— Confidentiality requirements
- Mich. Comp. Laws § 500.4611— Issuance of limited certificate of authority; possession and maintenance of unimpaired paid-in capital and retained earnings; form of minimum capitalization; incorporation as nonprofit; unencumbered equity; assets; evidence to be submitted to commissioner; additional capital; branch captive insurance company; security for payment of liabilities; trust fund; payment of dividends; limitation; distributions
- Mich. Comp. Laws § 500.4619— Pure captive insurance company or sponsored captive insurance company; association captive insurance company or industrial insured captive insurance company; incorporation as stock insurer or limited liability company; issuance of capital stock or membership interests; formation of captive insurance company as corporation or nonprofit corporation or as limited liability company; state residency; chapter as controlling provision of law
- Mich. Comp. Laws § 500.4621— Reports and inquiries
- Mich. Comp. Laws § 500.4623— Sponsored captive insurance company; discount of reserves
- Mich. Comp. Laws § 500.4625— Conflict between act and chapter; exemption; applicability of certain sections; expenses and charges of examination; annual renewal fee; other fees; employment of legal counsel; confidentiality
- Mich. Comp. Laws § 500.4637— Limited certificate of authority; suspension or revocation; findings; best interest of public and policyholders
- Mich. Comp. Laws § 500.4639— Association captive insurance company and industrial insured captive insurance company; compliance with investment requirements; pure captive insurance company and special purpose captive insurance company not subject to restrictions on allowable investments; exception; loans; combining of assets for purposes of investment; sponsored captive insurance companies to be in compliance with chapter 9; waiver of investment requirements
- Mich. Comp. Laws § 500.4641— Reinsurance on risks ceded by other insurer
- Mich. Comp. Laws § 500.4643— Rating organization; joining not required
- Mich. Comp. Laws § 500.4645— Plan, pool, association, or guaranty or insolvency fund; joining, contributing to, or receiving benefit from prohibited
- Mich. Comp. Laws § 500.4651— Rules
- Mich. Comp. Laws § 500.4655— Applicability of terms and conditions in chapter 81 pertaining to administrative supervision, conservation, rehabilitation, receivership, and liquidation of insurers; payment of expenses or claims from assets of protected cell or from capital and surplus of sponsored captive insurance company
- Mich. Comp. Laws § 500.4659— Exercise of control of risk management function by parent or affiliated company; standards
- Mich. Comp. Laws § 500.4663— Sponsored captive insurance company; formation; establishment and maintenance of protected cell to insure risks; conditions
- Mich. Comp. Laws § 500.4665— Sponsor of sponsored captive insurance company; authorized insurer; risk retention group as sponsor or participant prohibited; business written by sponsored captive insurance company with respect to protected cell; requirements
- Mich. Comp. Laws § 500.4667— Sponsored captive insurance companies; business entities as participants
- Mich. Comp. Laws § 500.4669— Sponsored captive insurance companies; applicability of terms and conditions in chapter 48 pertaining to protected cell insurance company
- Mich. Comp. Laws § 500.4673— Captive insurance regulatory and supervision fund; creation; deposit of certain money, assets, fees, and assessments; money remaining in fund at close of fiscal year; commissioner as administrator for auditing purposes