Mich. Comp. Laws § 500.1805

Risk retention group chartered in state; summary form of required information.

Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective

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Citation: Mich. Comp. Laws § 500.1805, Risk retention group chartered in state; summary form of required information, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367562
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To be chartered in this state, a risk retention group shall provide to the commissioner in summary form, at the time of its application for a certificate of authority, all of the following: (a) The identity of the initial members of the risk retention group. (b) The identity of those individuals who organized the risk retention group or who will provide administrative services or otherwise influence or control the activities of the group. (c) The amount and nature of initial capitalization. (d) The coverages to be afforded. (e) The states in which the risk retention group intends to operate.