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Section 500.7715 Examination and Regulation of Association by Commissioner; Financial Report; Report of Activities.

MI Comp L § 500.7715 (2019) (N/A)
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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

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Section 500.7714 Liability for Unpaid Assessments of Insureds on Impaired or Insolvent Insurer Operating Under Plan With Assessment Liability; Records of Negotiations and Meetings; Report; Association as Creditor of Impaired or Insolvent Insurer; “Assets Attributable to Covered Policies” Defined; Disbursement of Assets.
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Section 500.7716 Association Exempt From Fees and Taxes; Exception.