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Michigan Compiled Laws, Chapter 500. Insurance Code of 1956 § 500.1453

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 1453. The provisions of this chapter do not apply to the following:

(a) Risk retention groups as defined in section 1801.  1

(b) Captive insurers owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, owned by the insureds whose exclusive purpose is to insure risks of member organizations or group members and their affiliates.

1 M.C.L.A. § 500.1801.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 500. Insurance Code of 1956 § 500.1453 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-500-insurance-code-of-1956/mi-comp-laws-500-1453/

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