Mich. Admin. Code R. 500.108

Current through Vol. 24-22, December 15, 2024

Section R. 500.108 - Duty to disclose changes in information

Rule 8. The holder of a limited certificate of authority has an ongoing duty to promptly disclose any material changes in information to the director as soon as the holder of the limited certificate of authority becomes aware of the change. The holder of a limited certificate of authority shall submit to the director for review and approval before implementation of the following:

(a) Any material modifications to the captives plan of operation.

(b) Any proposed new special purpose securitization proposed by a special purpose financial captive.

(c) Any new protected cell programs.

Mich. Admin. Code R. 500.108

2015 MR 12, Eff. June 25, 2015