Mich. Admin. Code R. 500.108 - Duty to disclose changes in information
Rule 8. The holder of a limited certificate of authority has an ongoing duty to promptly disclose any material changes in information to the director as soon as the holder of the limited certificate of authority becomes aware of the change. The holder of a limited certificate of authority shall submit to the director for review and approval before implementation of the following:
(a) Any material
modifications to the captives plan of operation.
(b) Any proposed new special purpose
securitization proposed by a special purpose financial captive.
(c) Any new protected cell
programs.
Notes
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