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Taxes on unauthorized insurers; regulatory fee; payment; delinquency.

MCL 500.451
in effect
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500.451. Taxes on unauthorized insurers; regulatory fee; payment; delinquency. Sec. 451. Any unauthorized insurer transacting insurance in this state shall be subject to a tax of 2% of premiums written in this state and to an additional regulatory fee of 0.5% on premiums written in this state. The tax required by this section shall be considered delinquent if not paid within 30 days after a copy of the computation of the tax by the commissioner is delivered to the insurer in the manner prescribed by law for the service of process. Add. 1967, Act 111, Eff. Nov. 2, 1967; Am. 1987, Act 261, Imd. Eff. Dec. 28, 1987; Am. 1994, Act 228, Imd. Eff. June 30, 1994 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-451Fetched: 10/20/2026

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