Michigan § 500.1765 - Failure to file corporate governance annual disclosure; civil fine; waiver.
Full text of Michigan Michigan Compiled Laws § 500.1765 — Failure to file corporate governance annual disclosure; civil fine; waiver., with citation guidance and answers to common questions.
§ 500.1765. Failure to file corporate governance annual disclosure; civil fine; waiver.
(1) An insurer or insurance group that does not, without just cause, timely file the CGAD as required in this chapter, after written notice and hearing, shall pay a civil fine of $1,000.00 for each day's delay, to be recovered by the director and paid into the general fund of this state. The maximum civil fine under this section is $75,000.00. The director may reduce or waive the penalty if the insurer demonstrates to the director that either of the following applies:
(a) The penalty would cause a financial hardship to the insurer.
(b) There is just cause for the delayed filing.
(2) On written request, the director may grant a 90-day extension for filing the CGAD.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1765
What does Michigan Compiled Laws § 500.1765 cover?
Section 500.1765 ("Failure to file corporate governance annual disclosure; civil fine; waiver.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.1765?
A common citation format is "Michigan Compiled Laws § 500.1765" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.1765 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.