Michigan Compiled Laws § 500.4645 Plan, Pool, Association, Or Guaranty Or Insolvency Fund; Joining, Contributing To, Or Receiving Benefit From Prohibited.

500.4645 Plan, pool, association, or guaranty or insolvency fund; joining, contributing to, or receiving benefit from prohibited.

Sec. 4645.

A captive insurance company shall not join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this state. A captive insurance company, its insured, its parent, or any affiliated company or any member organization of its association, shall not receive a benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive insurance company.

History: Add. 2008, Act 29, Imd. Eff. Mar. 13, 2008
Popular Name: Act 218

Section: Previous  500.4621  500.4623  500.4625  500.4637  500.4639  500.4641  500.4643  500.4645  500.4651  500.4655  500.4659  500.4663  500.4665  500.4667  500.4669  Next

Last modified: October 10, 2016