Mich. Comp. Laws § 500.405b

Current through Public Act 57 of the 2024 Legislative Session
Section 500.405b - Requalification pursuant to MCL 500.405 or 500.405a; formal review

An insurer that seeks requalification pursuant to sections 405 or 405a is entitled to a formal review by the commissioner during which the insurer may submit information, documents, or other data to the commissioner in support of the application for requalification. The commissioner shall act upon the application by an order that embodies the commissioner's findings and reasons for the decision. A record of the review, including the information, documents, or other data submitted by the insurer to the commissioner in support of the application for requalification, shall be prepared by the insurance bureau and made available.

MCL 500.405b

Add. 1994, Act 226, Imd. Eff. 6/27/1994.