Michigan Laws 500.1906 – Books and records of surplus lines licensee; examination; access
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Terms Used In Michigan Laws 500.1906
- Commissioner: means the director. See Michigan Laws 500.102
- Licensee: means a person licensed under this chapter. See Michigan Laws 500.1903
If the commissioner considers it necessary, he or she may examine the books and records of a surplus lines licensee to determine whether the licensee is conducting its business in accordance with this chapter. For the purpose of facilitating the examination, the licensee shall allow the commissioner free access, at reasonable times, to all of the licensee’s books and records relating to transactions to which this chapter applies.