2014 House Bill 5792 ↩

Senate Roll Call 889: Passed

To mandate that a person with a controlling ownership interest in a Michigan insurance company who plans to divest that interest must submit a statement of intent to the state insurance bureau at least 30 days before the divestment, along with a statement describing the “enterprise risk” of the transaction, defined in the bill as the chances it will have a “material adverse effect upon the financial condition or liquidity” of the insurer.