{"data":{"id":"us-mi/mich.-comp.-laws-500.4667","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.4667","heading":"Sponsored captive insurance companies; business entities as participants.","body":"Sec. 4667.\n\n(1) An association, a corporation, a limited liability company, a partnership, a trust, or other business entity may be a participant in a sponsored captive insurance company authorized pursuant to this chapter.\n\n(2) A sponsor may be a participant in a sponsored captive insurance company.\n\n(3) A participant need not be a shareholder of the sponsored captive insurance company or an affiliate of the company.\n\n(4) A participant shall insure only its own risks through a sponsored captive insurance company, unless otherwise approved by the commissioner.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-4667","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"38f3fa3043c4bd094f0ff4f25772cfbf5481b78da0baba5429a9bddf64cf69d5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.4665","next":"us-mi/mich.-comp.-laws-500.4669"},"notice":"GroundRules: Original legal text. Not legal advice."}