Mich. Comp. Laws § 500.6824
Reinsurance; limitations.
Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 500.6824, Reinsurance; limitations, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1368675
- Permanent ID
ys:prov:1368675@1- SHA-256
9289a756d75b92f3449232299355d6be65da514535d9477e3f71dbe480b67a23
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
Any company organized or operating under this chapter whose business is limited by law or by its charter to 1 or more counties may provide in its charter or by amendment to its charter for assuming reinsurance from other companies on property located anywhere within the state: Provided, however, That no reinsurance shall be accepted of a different kind or on a different class of property than the company is by its charter permitted to write direct. The company ceding such reinsurance shall not, by virtue of such reinsurance, become a member of the company assuming the reinsurance nor shall the ceding company assume any contingent liability for assessment unless otherwise provided by written agreement.