Michigan § 500.1815 - Risk retention group not chartered in state and doing business in state; compliance required; examination of financial condition.
Full text of Michigan Michigan Compiled Laws § 500.1815 — Risk retention group not chartered in state and doing business in state; compliance required; examination of financial condition., with citation guidance and answers to common questions.
§ 500.1815. Risk retention group not chartered in state and doing business in state; compliance required; examination of financial condition.
A risk retention group, not chartered in this state and doing business in this state, and the risk retention group's agents and representatives, shall comply with chapter 20.
A risk retention group not chartered in this state and doing business in this state shall submit to an examination by the commissioner to determine its financial condition if the commissioner of the charter state has not initiated an examination or does not initiate an examination within 60 days after a request by the commissioner of this state. An examination under this subsection should be coordinated with examination requests in other states to avoid unjustified repetition and conducted in an expeditious manner in accordance with generally accepted auditing standards.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1815
What does Michigan Compiled Laws § 500.1815 cover?
Section 500.1815 ("Risk retention group not chartered in state and doing business in state; compliance required; examination of financial condition.") 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 § 500.1815?
A common citation format is "Michigan Compiled Laws § 500.1815" (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 § 500.1815 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.