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Form a Business

Limited liability pool; reinsurance.

MCL 500.6517
in effect
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500.6517. Limited liability pool; reinsurance. Sec. 6517. A limited liability pool formed under this chapter may reinsure all or any portion of its potential liability with reinsurers licensed to transact insurance in this state or approved by the commissioner. A limited liability pool shall not directly or indirectly reinsure all or any portion of its potential liability with an insurer not authorized to transact insurance in this state without approval by the commissioner. Add. 1990, Act 350, Imd. Eff. Dec. 26, 1990 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-6517Fetched: 10/20/2026

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