Section 500.7715 - Examination and regulation of association by commissioner; financial report; report of activities.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.7715 Examination and regulation of association by commissioner; financial report; report of activities.
Sec. 7715.
The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, not later than May 1 of each year, a financial report for the preceding calendar year in a form approved by the commissioner and a report of the association's activities during the preceding calendar year.
History: Add. 1982, Act 194, Imd. Eff. June 28, 1982
Popular Name: Act 218