Section 500.1823 - Violation; fines and penalties; compliance.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1823 Violation; fines and penalties; compliance.
Sec. 1823.
A risk retention group that violates a provision of this chapter shall be subject to fines and penalties applicable to licensed insurers, including revocation of the right to do business in this state. A risk retention group operating in this state prior to January 1, 1990 shall comply with section 1811 by February 1, 1990.
History: Add. 1989, Act 214, Eff. Jan. 1, 1990
Popular Name: Act 218