HB5385 — Insurance: other; captive insurance company limited certificate of authority; modify. Amends sec. 4603 of 1956 PA 218 (MCL 500.4603).

HB5385 — Insurance: other; captive insurance company limited certificate of authority; modify. Amends sec. 4603 of 1956 PA 218 (MCL 500.4603). · Informed CitizenryThis bill amends the Michigan Insurance Code by modifying Section 4603 to regulate captive insurance companies seeking a limited certificate of authority in the state. The law specifies that a capt…Open in Informed Citizenry