Section 500.1906 - Books and records of surplus lines licensee; examination; access.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.1906 Books and records of surplus lines licensee; examination; access.
Sec. 1906.
If the commissioner considers it necessary, he or she may examine the books and records of a surplus lines licensee to determine whether the licensee is conducting its business in accordance with this chapter. For the purpose of facilitating the examination, the licensee shall allow the commissioner free access, at reasonable times, to all of the licensee's books and records relating to transactions to which this chapter applies.
History: Add. 1980, Act 341, Eff. June 23, 1981
Popular Name: Act 218