PocketLaw | Michigan Compiled Laws | Chapter 46 Captive Insurance

Section
500.4601

Definitions.

Section
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.

Section
500.4607

Adoption of Name by Captive Insurance Company.

Section
500.4609

Confidentiality Requirements.

Section
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.

Section
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.

Section
500.4621

Reports and Inquiries.

Section
500.4623

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.

Section
500.4637

Limited Certificate of Authority; Suspension or Revocation; Findings; Best Interest of Public and Policyholders.

Section
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.

Section
500.4641

Reinsurance on Risks Ceded by Other Insurer.

Section
500.4643

Rating Organization; Joining Not Required.

Section
500.4645

Plan, Pool, Association, or Guaranty or Insolvency Fund; Joining, Contributing To, or Receiving Benefit From Prohibited.

Section
500.4651

Rules.

Section
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.

Section
500.4659

Exercise of Control of Risk Management Function by Parent or Affiliated Company; Standards.

Section
500.4663

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.

Section
500.4667

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.

Chapter 46 Captive Insurance Companies (500.4601...500.4673)

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Definitions.

Adoption of Name by Captive Insurance Company.

Confidentiality Requirements.

Reports and Inquiries.

Sponsored Captive Insurance Company; Discount of Reserves.

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.

Limited Certificate of Authority; Suspension or Revocation; Findings; Best Interest of Public and Policyholders.

Reinsurance on Risks Ceded by Other Insurer.

Rating Organization; Joining Not Required.

Plan, Pool, Association, or Guaranty or Insolvency Fund; Joining, Contributing To, or Receiving Benefit From Prohibited.

Rules.

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.

Exercise of Control of Risk Management Function by Parent or Affiliated Company; Standards.

Sponsored Captive Insurance Company; Formation; Establishment and Maintenance of Protected Cell to Insure Risks; Conditions.

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.

Sponsored Captive Insurance Companies; Business Entities as Participants.

Sponsored Captive Insurance Companies; Applicability of Terms and Conditions in Chapter 48 Pertaining to Protected Cell Insurance Company.

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.