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TMCNet:  Michigan Governance, Risk and Compliance Insurance Industry Report 2017 - Research and Markets

[November 13, 2017]

Michigan Governance, Risk and Compliance Insurance Industry Report 2017 - Research and Markets

The "Governance, Risk and Compliance - The Michiganian Insurance Industry" report has been added to Research and Markets' offering.

The 'Governance, Risk and Compliance - The Michiganian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Michigan.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation an legal system in the state. The report also includes the scope of non-admitted insurance in the US state.

Key Highlights:

  • The Michigan insurance industry is regulated by the DIFS.
  • Composite insurance is not permitted in Michigan.
  • 100% FDI is permitted in the Michiganian insurance industry.
  • Non-admitted insurance is not permitted in the Michiganian insurance industry. However, there are exceptions to this rule as specified in the non-admitted section of this report.
  • Key classes of compulsory insurance include motor third-party liability insurance and health insurance.

Key Topics Covered:

1 INTRODUCTION

1.1 What is this Report About?

1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulation

2.3 Legislation and Market Practice by Type of Insurance

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulations

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/k58bfs/governance_risk


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