Terms Used In Michigan Laws 500.1755

  • Insurance group: means insurers and affiliates included within an insurance holding company system. See Michigan Laws 500.1755
  • Insurance holding company system: means 2 or more affiliated persons, 1 or more of which is an insurer. See Michigan Laws 500.115
  • Insurer: means that term as defined in section 1701. See Michigan Laws 500.1755
  As used in this chapter:
  (a) “Corporate governance annual disclosure” or “CGAD” means a confidential report filed by the insurer or insurance group made in accordance with the requirements of this chapter.
  (b) “Insurance group” means insurers and affiliates included within an insurance holding company system.
  (c) “Insurer” means that term as defined in section 1701.
  (d) “NAIC” means that term as defined in section 1701.
  (e) “ORSA Summary Report” means that term as defined in section 1701.