Michigan Compiled Laws § 500.1823 Violation; Fines And Penalties; Compliance.

500.1823 Violation; fines and penalties; compliance.

Sec. 1823.

A risk retention group that violates a provision of this chapter shall be subject to fines and penalties applicable to licensed insurers, including revocation of the right to do business in this state. A risk retention group operating in this state prior to January 1, 1990 shall comply with section 1811 by February 1, 1990.

History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218

Section: Previous  500.1813  500.1815  500.1817  500.1819  500.1820  500.1821  500.1822  500.1823  500.1825  500.1827  500.1828  500.1829  500.1830  500.1831  500.1832  Next

Last modified: October 10, 2016