Bill
HB 5386
Insurance: other; captive insurance company reports and inquiries; modify. Amends secs. 4621 & 4625 of 1956 PA 218 (MCL 500.4621 & 600.4624a)
2025-2026 Regular Session
Introduced by Mike Harris and 1 co-sponsor
HB 5386 tightens MI captive rules: 60-day annual report, 5-month audited statements, director inquiry with 30-day responses, higher penalties, renewal fees tied to fiscal year.
bill electronically reproduced 12/16/2025