HB5382 — Insurance: other; special purpose financial captive plan of operation; modify. Amends sec. 4731 of 1956 PA 218 (MCL 500.4731).

HB5382 — Insurance: other; special purpose financial captive plan of operation; modify. Amends sec. 4731 of 1956 PA 218 (MCL 500.4731). · Informed CitizenryThis bill amends the insurance code by modifying Section 4731 (MCL 500.4731) regarding Special Purpose Financial Captive Plans (SPFCs). The amendments establish several rules for SPFC operations an…Open in Informed Citizenry