Michigan Laws 500.4733 – Captive insurance company examination; expenses and charges; payment; fee
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 500.4733
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Commissioner: means the director. See Michigan Laws 500.102
- Office: means the department. See Michigan Laws 500.4701
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) The expenses and charges of a captive insurance company examination shall be paid to the state by the captive insurance company or companies examined, and the office shall issue warrants for the proper charges incurred in all examinations. The payments received by the state shall be deposited into the captive insurance regulatory and supervision fund.
(2) The office may charge a $15.00 fee for any document requiring certification of authenticity or the signature of the commissioner. The payments received shall be deposited into the captive insurance regulatory and supervision fund.
(3) The office may charge a fee of $25.00 payable to the attorney general for the examination of any amendment to the organizational documents.