Mich. Comp. Laws § 500.6414
Current through Public Act 190 of the 2024 Legislative Session
No such insurer shall do a business of group insurance in Michigan until it shall have accrued a contingency reserve deposit as defined and described in section 6434 in the amount of $100,000.00, and shall have obtained from the commissioner a certificate of authority to write group insurance.
MCL 500.6414