Bill
HB 5385
Insurance: other; captive insurance company limited certificate of authority; modify. Amends sec. 4603 of 1956 PA 218 (MCL 500.4603).
2025-2026 Regular Session
Introduced by Joe Aragona and 1 co-sponsor
HB 5385 changes Michigan captive insurance rules: lowers filing fee to $5,000, tightens records, extends certificate term to 90 days after fiscal year, increases DIFS oversight.
bill electronically reproduced 12/16/2025