Michigan § 500.1821 - Risk retention group chartered or doing business in state; prohibited conduct.
Full text of Michigan Michigan Compiled Laws § 500.1821 — Risk retention group chartered or doing business in state; prohibited conduct., with citation guidance and answers to common questions.
§ 500.1821. Risk retention group chartered or doing business in state; prohibited conduct.
A risk retention group chartered or doing business in this state shall not do any of the following:
Solicit or sell insurance to a person who is not eligible for membership in the group.
Solicit or sell insurance if the risk retention group is in a hazardous financial condition or is financially impaired.
Have as a member or owner, whether directly or indirectly, an insurance company, unless all members of the risk retention group are insurance companies.
Issue an insurance policy with terms which provide, or could be construed to provide, coverage prohibited generally by law or declared unlawful by a final and binding decision of an appellate court that has considered the matter.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1821
What does Michigan Compiled Laws § 500.1821 cover?
Section 500.1821 ("Risk retention group chartered or doing business in state; prohibited conduct.") 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 § 500.1821?
A common citation format is "Michigan Compiled Laws § 500.1821" (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 § 500.1821 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.