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Risk retention group chartered in state; certificate of authority; license; compliance.

MCL 500.1803
in effect
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500.1803. Risk retention group chartered in state; certificate of authority; license; compliance. Sec. 1803. (1) To be chartered in this state, a risk retention group shall obtain a certificate of authority from the commissioner and be licensed as a domestic stock or mutual casualty insurer. (2) Except as otherwise provided in this chapter, a risk retention group chartered in this state shall comply with all statutes, rules, regulations, and requirements applicable to domestic stock or mutual casualty insurers. (3) A certificate of authority issued to a risk retention group chartered in this state shall be limited to the business of insurance for liability. Add. 1989, Act 214, Eff. Jan. 1, 1990 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-1803Fetched: 10/20/2026

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