Mich. Comp. Laws § 500.4659
Current through Public Act 190 of the 2024 Legislative Session
The commissioner by rule, regulation, or order may establish standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company. Until such time as the standards are established, the commissioner may by temporary order grant authority to a pure captive insurance company to insure risks.
MCL 500.4659