HB5383 — Insurance: other; limited certificate of authority to transact insurance or reinsurance; modify. Amends sec. 4705 of 1956 PA 218 (MCL 500.4705).

HB5383 — Insurance: other; limited certificate of authority to transact insurance or reinsurance; modify. Amends sec. 4705 of 1956 PA 218 (MCL 500.4705). · Informed CitizenryThis bill amends Section 4705 of the Insurance Code of 1956 to establish requirements for Special Purpose Financial Companies (SPFCs) to obtain a limited certificate of authority to transact insura…Open in Informed Citizenry