Michigan Compiled Laws § 500.7933 Financial Condition Of Member Insurer; Reports And Recommendations; Advice To Commissioner; Exemption From Public Disclosure.

500.7933 Financial condition of member insurer; reports and recommendations; advice to commissioner; exemption from public disclosure.

Sec. 7933.

(1) The association may submit reports and make recommendations to the commissioner regarding the financial condition of any member insurer. The reports and recommendations shall not be considered public documents.

(2) After the commissioner has entered an order restricting the certificate of authority of an insurer, the association shall render advice to the commissioner, upon his or her request, concerning rehabilitation, payment of claims, continuation of coverage, or the performance of other obligations of the insurer.

(3) Any reports, recommendations, and advice prepared in compliance with this section shall be exempt from public disclosure.

History: Add. 1969, Act 277, Imd. Eff. Aug. 11, 1969 ;-- Am. 1980, Act 41, Imd. Eff. Mar. 17, 1980
Popular Name: Act 218

Section: Previous  500.7912  500.7914  500.7916  500.7918  500.7921  500.7925  500.7931  500.7933  500.7935  500.7941  500.7945  500.7947  500.7948  500.7949    Next

Last modified: October 10, 2016