Section 500.1817 - Risk retention group not chartered in state and doing business in state; voluntary dissolution or delinquency proceeding.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1817 Risk retention group not chartered in state and doing business in state; voluntary dissolution or delinquency proceeding.
Sec. 1817.
A risk retention group not chartered in this state and doing business in this state shall comply with a lawful order issued in a voluntary dissolution proceeding or in a delinquency proceeding commenced by the commissioner if there has been a finding of financial impairment after an examination performed under section 1815(2).
History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218