Michigan Compiled Laws 218-1956-18 Chapter 18 (500.1801...500.1864)

• Section 500.1801 Definitions.
  As used in this chapter: (a) “Chartered” means a risk retention group licensed and authorized to engage in business as a liability insurance company...
• Section 500.1803 Risk Retention Group Chartered In State; Certificate Of Authority; License; Compliance.
  (1) To be chartered in this state, a risk retention group shall obtain a certificate of authority from the commissioner and be licensed as...
• Section 500.1804 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to void contracts of fire insurance.Popular Name: Act 218
• Section 500.1805 Risk Retention Group Chartered In State; Summary Form Of Required Information.
  To be chartered in this state, a risk retention group shall provide to the commissioner in summary form, at the time of its application...
• Section 500.1806 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section provided penalty for agents' solicitation of fire insurance with unauthorized insurer. Popular Name: Act 218
• Section 500.1807 Risk Retention Group Chartered In State; Plan Of Operation Or Feasibility Study.
  Before it may offer insurance in this state, a risk retention group chartered in this state shall submit to the commissioner for approval a...
• Section 500.1809 Risk Retention Group Chartered In State; Name.
  The name under which a risk retention group chartered in this state may be authorized as a domestic casualty insurer shall be a brief...
• Section 500.1810 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section provided penalty for life insurance with unauthorized insurer.Popular Name: Act 218
• Section 500.1811 Risk Retention Group Not Chartered In State; Submission Of Information To Commissioner.
  A risk retention group not chartered in this state shall submit to the commissioner all of the following: (a) Before offering insurance in this...
• Section 500.1812 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section provided penalty for disability, casualty, title, or surety insurance with unauthorized insurer.Popular Name: Act 218
• Section 500.1813 Risk Retention Group Without Certificate Of Authority Issued By Commissioner; Tax; Regulatory Fee; Report.
  A risk retention group that does not have a certificate of authority issued by the commissioner shall be liable for the payment of a...
• Section 500.1815 Risk Retention Group Not Chartered In State And Doing Business In State; Compliance Required; Examination Of Financial Condition.
  (1) A risk retention group, not chartered in this state and doing business in this state, and the risk retention group's agents and representatives,...
• Section 500.1817 Risk Retention Group Not Chartered In State And Doing Business In State; Voluntary Dissolution Or Delinquency Proceeding.
  A risk retention group not chartered in this state and doing business in this state shall comply with a lawful order issued in a...
• Section 500.1819 Notice Required On Application Form And Front And Declaration Pages Of Policy.
  An application form for insurance from a risk retention group chartered or doing business in this state, as well as the front and declaration...
• Section 500.1820 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section contained a short title.Popular Name: Act 218
• Section 500.1821 Risk Retention Group Chartered Or Doing Business In State; Prohibited Conduct.
  A risk retention group chartered or doing business in this state shall not do any of the following: (a) Solicit or sell insurance to...
• Section 500.1822 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to acts constituting appointment of commissioner as attorney for service of process.Popular Name: Act 218
• Section 500.1823 Violation; Fines And Penalties; Compliance.
  A risk retention group that violates a provision of this chapter shall be subject to fines and penalties applicable to licensed insurers, including revocation...
• Section 500.1825 Purchasing Group; Information Required Before Doing Business In State.
  (1) Before doing business in this state, a purchasing group shall provide the commissioner with all of the following: (a) The identity of the...
• Section 500.1827 Purchasing Group And Insurer Thereof; Registration Fee; Statement Of Registration; Applicability Of Subsection (1); Information To Be Furnished.
  (1) The purchasing group and any insurer of the purchasing group which has not submitted a registration fee shall submit a $25.00 registration fee...
• Section 500.1828 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to defense of action against unauthorized foreign or alien insurer.Popular Name: Act 218
• Section 500.1829 Purchase Of Insurance By Purchasing Group; Written Information To Members; Deductible Or Self-insured Retention.
  (1) A purchasing group doing business in this state may purchase insurance for risks resident or located in this state only from a risk...
• Section 500.1830 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to refusal to defend action against unauthorized foreign or alien insurer. Popular Name: Act 218
• Section 500.1831 Premium Taxes And Other Taxes.
  Premium taxes and other taxes paid for coverage of risks resident or located in this state by a purchasing group or any members of...
• Section 500.1832 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to applicability of unauthorized insurers process act.Popular Name: Act 218
• Section 500.1833 Prohibitions Regarding Property And Casualty Guaranty Association Or Similar Association; Risks Covered By Property And Casualty Guaranty Association; Participating Member In Michigan Automobile Insurance Placement Facility; Submission Of Information By Risk Retention Group; Apportioning Proportionate Share Of Losses And Expenses.
  (1) A risk retention group chartered or doing business in this state shall not join or contribute financially to the property and casualty guaranty...
• Section 500.1835 Licensing As Condition To Soliciting, Negotiating, Or Procuring Liability Insurance; Residency Requirement For Agent Or Broker; Licensure Of Nonresident.
  (1) A person, firm, association, or corporation shall not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this...
• Section 500.1837 Enforcement.
  The commissioner may use any of the powers established under this act to enforce the laws of this state so long as those powers...
• Section 500.1839 Financial Responsibility.
  If a law of this state or any political subdivision of this state requires a demonstration of financial responsibility as a condition for obtaining...
• Section 500.1840 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed section pertained to procurement of additional indemnity.Popular Name: Act 218
• Section 500.1841 Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.
  Compiler's Notes: The repealed section pertained to promulgation of rules.Popular Name: Act 218
• Section 500.1843-500.1864 Repealed. 1980, Act 341, Eff. June 23, 1981.
  Compiler's Notes: The repealed sections pertained to surplus lines insurers and agents.Popular Name: Act 218

Last modified: October 10, 2016