Michigan Laws 500.224a – Report relating to regulatory fees
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Terms Used In Michigan Laws 500.224a
- Commissioner: means the director. See Michigan Laws 500.102
Beginning June 1, 1995 and annually thereafter the commissioner shall report to the senate and house of representatives standing committees on insurance issues on revenues raised by the regulatory fees required by the amendatory act that added this section, how the regulatory fees were spread among domestic, foreign, and alien insurers, how the regulatory fees are being expended in regulating the domestic, foreign, and alien insurance industry, and whether new regulatory policy is needed to better protect the citizens of Michigan.