{"data":{"id":"us-mi/mich.-comp.-laws-500.4659","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.4659","heading":"Exercise of control of risk management function by parent or affiliated company; standards.","body":"Sec. 4659.\n\nThe commissioner by rule, regulation, or order may establish standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company. Until such time as the standards are established, the commissioner may by temporary order grant authority to a pure captive insurance company to insure risks.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-4659","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c82b51c6300309b8adbf36b666be8e114da1ae728808eaea23d7630e3a7ea2a3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.4655","next":"us-mi/mich.-comp.-laws-500.4663"},"notice":"GroundRules: Original legal text. Not legal advice."}