Michigan Compiled Laws Complete Through PA 5 of 2025
MCL Complete Through PA 5 of 2025
Senate adjourned until Tuesday, August 26, 2025 10:00 AM
Senate adjourned until 08/26/25 10:00 AM
House adjourned until Tuesday, August 19, 2025 1:30 PM
House adjourned until 08/19/25 1:30 PM
Document - Section 500.1027
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Section 500.1027
Applicability of section to domestic insurer not SOX compliant entity; duties of audit committee; member of audit committee as independent; election of controlling person; report by accountant; reports provided on aggregate basis; structure of audit committee; waiver from section based on hardship; effective date of section; "direct written and assumed premiums" defined.