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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.1167 Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.

77 words·~1 min read·/mi/chapter-500/500-1167

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500.1167 Reinsurance intermediary and reinsurance intermediary-manager; examination of books, bank accounts, and records.
Sec. 1167.
(1)A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.
(2)A reinsurance intermediary-manager may be examined as if it were the reinsurer.
History: Add. 1994, Act 226, Imd. Eff. June 27, 1994
Popular Name: Act 218
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