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Form a Business

Violation; fines and penalties; compliance.

MCL 500.1823
in effect
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500.1823. Violation; fines and penalties; compliance. Sec. 1823. A risk retention group that violates a provision of this chapter shall be subject to fines and penalties applicable to licensed insurers, including revocation of the right to do business in this state. A risk retention group operating in this state prior to January 1, 1990 shall comply with section 1811 by February 1, 1990. 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-500-1823Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements