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Reinsurance on risks ceded by other insurer.

MCL 500.4641
in effect
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500.4641. Reinsurance on risks ceded by other insurer. Sec. 4641. (1) A captive insurance company may provide reinsurance, as authorized by this act and with the prior approval of the commissioner, on risks ceded by any other insurer. (2) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with the provisions of sections 1103 and 1105. A captive insurer shall not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with sections 1103 and 1105. Add. 2008, Act 29, Imd. Eff. Mar. 13, 2008 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-4641Fetched: 10/20/2026

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