{"data":{"id":"us-mi/mich.-comp.-laws-500.1159","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.1159","heading":"Person acting as reinsurance-broker; license required; employment of individual employed by reinsurance intermediary-broker; annual copy of statements of financial condition.","body":"Sec. 1159.\n\nAn insurer shall not engage the services of any person to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by section 1153.\n\nAn insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to chapter 13.\n\nThe insurer shall obtain annually a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1159","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"df6f8c1c8b84bd77542713c73da4d02106bfe10025ea9fdbbdcec18ecdfa0bec","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.1157","next":"us-mi/mich.-comp.-laws-500.116"},"notice":"GroundRules: Original legal text. Not legal advice."}