Mich. Comp. Laws § 500.1803
Risk retention group chartered in state; certificate of authority; license; compliance.
Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective
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- Citation
- Mich. Comp. Laws § 500.1803, Risk retention group chartered in state; certificate of authority; license; compliance, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367560
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Full text
(1) To be chartered in this state, a risk retention group shall obtain a certificate of authority from the commissioner and be licensed as a domestic stock or mutual casualty insurer.
(2) Except as otherwise provided in this chapter, a risk retention group chartered in this state shall comply with all statutes, rules, regulations, and requirements applicable to domestic stock or mutual casualty insurers.
(3) A certificate of authority issued to a risk retention group chartered in this state shall be limited to the business of insurance for liability.