Michigan § 500.4641 - Reinsurance on risks ceded by other insurer.
Full text of Michigan Michigan Compiled Laws § 500.4641 — Reinsurance on risks ceded by other insurer., with citation guidance and answers to common questions.
§ 500.4641. Reinsurance on risks ceded by other insurer.
(1) A captive insurance company may provide reinsurance, as authorized by this act and with the prior approval of the commissioner, on risks ceded by any other insurer.
(2) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with the provisions of sections 1103 and 1105. A captive insurer shall not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with sections 1103 and 1105.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4641
What does Michigan Compiled Laws § 500.4641 cover?
Section 500.4641 ("Reinsurance on risks ceded by other insurer.") 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 § 500.4641?
A common citation format is "Michigan Compiled Laws § 500.4641" (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 § 500.4641 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.