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Michigan Insurance Industry, Governance, Risk and Compliance Report 2020 - ResearchAndMarkets.comThe "Michiganian Insurance Industry - Governance, Risk and Compliance" report has been added to ResearchAndMarkets.com's offering. 'Michiganian Insurance Industry - Governance, Risk and Compliance' 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 the publisher's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country. Key Highlights
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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 2.3.1 Life insurance 2.3.2 Property insurance 2.3.3 Motor insurance 2.3.4 Liability insurance 2.3.5 Marine, aviation and transit insurance 2.3.6 Personal accident and health insurance 2.4 Compulsory Insurance 2.4.1 Motor third-party liability insurance 2.4.2 Workers' compensation insurance 2.4.3 Health insurance 2.4.4 Aviation third-party liability insurance 2.4.5 Motor liability insurance for transportation network companies 2.4.6 Compulsory insurance for manufacturer of autonomous motor vehicle 2.5 Supervision and Control 2.5.1 International Association of Insurance Supervisors 2.5.2 National Association of Insurance Commissioners 2.5.3 Federal Insurance Office 2.5.4 American Insurance Association 2.5.5 National Association of Mutual Insurance Companies 2.5.6 Property Casualty Insurers of America 2.5.7 Reinsurance Association of America 2.5.8 Department of Insurance and Financial Services 2.6 Non-Admitted Insurance Regulations 2.6.1 Overview 2.6.2 Intermediaries 2.6.3 Market practices 2.6.4 Fines and Penalties 2.7 Company Registration and Operations 2.7.1 Type of insurance organization 2.7.2 Establishing a local company 2.7.3 Foreign ownership 2.7.4 Types of license 2.7.5 Capital requirements 2.7.6 Solvency margin 2.7.7 Reserve requirements 2.7.8 Investment regulations 2.7.9 Statutory return requirements 2.7.10 Fee structure 2.8 Taxation 2.8.1 Insurance premium or policy taxation 2.8.2 Withholding taxes on premium paid overseas 2.8.3 Corporate tax 2.8.4 VAT 2.8.5 Captives 2.9 Legal System 2.9.1 Introduction 2.9.2 Access to court 2.9.3 Alternative dispute resolution (ADR) 3 APPENDIX Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ao3m0h
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