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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.7018 Temporary certificate; organization of proposed MEWA; opening books to commissioner; condition to issuance of final certificate.

98 words·~1 min read·/mi/chapter-500/500-7018

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500.7018 Temporary certificate; organization of proposed MEWA; opening books to commissioner; condition to issuance of final certificate.
Sec. 7018.
(1)The MEWA, upon receipt of its initial certificate of authority, which shall be a temporary certificate, shall proceed to the completion of organization of the proposed MEWA.
(2)A MEWA shall open its books to the commissioner, and a final certificate of authority shall not be issued by the commissioner to any MEWA until it has collected in cash reserves as provided in section 7040.
History: Add. 1986, Act 121, Eff. July 1, 1986
Popular Name: Act 218
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