Michigan Laws 500.7715 – Examination and regulation of association by commissioner; financial report; report of activities
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Terms Used In Michigan Laws 500.7715
- Association: means the Michigan life and health insurance guaranty association created under section 7706. See Michigan Laws 500.7705
- Commissioner: means the director. See Michigan Laws 500.102
The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, not later than May 1 of each year, a financial report for the preceding calendar year in a form approved by the commissioner and a report of the association’s activities during the preceding calendar year.