Mich. Comp. Laws § 550.359

Current through Public Act 156 of the 2024 Legislative Session
Section 550.359 - Corporation examination by insurance commissioner; expenses

The commissioner of insurance, or any deputy, examiner, or other person whom the commissioner appoints, may visit and examine into the affairs of a corporation, have free access to all of the books, papers, and documents that relate to the business of the corporation, may summon and qualify witnesses under oath, and examine corporation officers, agents, employees, or other persons having knowledge of the corporation's affairs, transactions, and conditions. Except as provided in section 9a, per diem, travel, and other necessary expenses in connection with an examination under this section shall be paid by the corporation.

MCL 550.359

1963, Act 125, Eff. 9/6/1963 ;--Am. 1994, Act 168, Imd. Eff. 6/17/1994.