Michigan § 500.4667 - Sponsored captive insurance companies; business entities as participants.
Full text of Michigan Michigan Compiled Laws § 500.4667 — Sponsored captive insurance companies; business entities as participants., with citation guidance and answers to common questions.
§ 500.4667. Sponsored captive insurance companies; business entities as participants.
(1) An association, a corporation, a limited liability company, a partnership, a trust, or other business entity may be a participant in a sponsored captive insurance company authorized pursuant to this chapter.
(2) A sponsor may be a participant in a sponsored captive insurance company.
(3) A participant need not be a shareholder of the sponsored captive insurance company or an affiliate of the company.
(4) A participant shall insure only its own risks through a sponsored captive insurance company, unless otherwise approved by the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4667
What does Michigan Compiled Laws § 500.4667 cover?
Section 500.4667 ("Sponsored captive insurance companies; business entities as participants.") 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 § 500.4667?
A common citation format is "Michigan Compiled Laws § 500.4667" (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 § 500.4667 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.