Michigan § 500.4659 - Exercise of control of risk management function by parent or affiliated company; standards.
Full text of Michigan Michigan Compiled Laws § 500.4659 — Exercise of control of risk management function by parent or affiliated company; standards., with citation guidance and answers to common questions.
§ 500.4659. Exercise of control of risk management function by parent or affiliated company; standards.
The commissioner by rule, regulation, or order may establish standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company. Until such time as the standards are established, the commissioner may by temporary order grant authority to a pure captive insurance company to insure risks.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4659
What does Michigan Compiled Laws § 500.4659 cover?
Section 500.4659 ("Exercise of control of risk management function by parent or affiliated company; standards.") 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 § 500.4659?
A common citation format is "Michigan Compiled Laws § 500.4659" (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 § 500.4659 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.