Mich. Comp. Laws § 500.1821
Risk retention group chartered or doing business in state; prohibited conduct.
Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 500.1821, Risk retention group chartered or doing business in state; prohibited conduct, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367574
- Permanent ID
ys:prov:1367574@1- SHA-256
7dbae42e41ff43dcfe409d56eb2d421bbb7a04b91304712e36cf5c631ab04c99
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A risk retention group chartered or doing business in this state shall not do any of the following:
(a) Solicit or sell insurance to a person who is not eligible for membership in the group.
(b) Solicit or sell insurance if the risk retention group is in a hazardous financial condition or is financially impaired.
(c) Have as a member or owner, whether directly or indirectly, an insurance company, unless all members of the risk retention group are insurance companies.
(d) Issue an insurance policy with terms which provide, or could be construed to provide, coverage prohibited generally by law or declared unlawful by a final and binding decision of an appellate court that has considered the matter.