Section 500.1167 - Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1167 Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.
Sec. 1167.
(1) A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.
(2) A reinsurance intermediary-manager may be examined as if it were the reinsurer.
History: Add. 1994, Act 226, Imd. Eff. June 27, 1994
Popular Name: Act 218