Mich. Admin. Code R. 500.110 – Investigative hearings. | Midpage
Rule 500.110
Mich. Admin. Code R. 500.110
Investigative hearings.
(By authority conferred on the director of the department of insurance and financial services by sections 210, 4651, 4747, and 4813 of 1956 PA 218, 1969 PA 306, E.O. 2013-1; MCL 500.210, MCL 500.4651, MCL 500.4747, MCL 500.4813, MCL 24.231 to MCL 24.233, MCL 550.991.)Insurance
(1) The director may initiate an investigation, undertake an examination, or take such other action as the director, in the exercise of discretion, determines is necessary or appropriate to assure the holder of a limited certificate of authority complies with all applicable provisions of the act.
(2) The director may conduct hearings for any of the following:
(a) To investigate an applicant, an application, or a holder of a limited certificate of authority.
(b) To gather information in furtherance of acting on an application for a limited certificate of authority.
(c) To investigate alleged violations of the applicable provisions of the act or these rules by a holder of a limited certificate of authority.
(3) The director may require captive managers, officers, directors, shareholders, members of an applicant, or holders of a limited certificate of authority to testify or to produce documents, records, or other materials at a proceeding conducted under this rule.
(4) The director may issue subpoenas for the production of persons, documents, or other items at a proceeding conducted under this rule.
(5) All testimony at proceedings conducted under this rule shall be given under oath or affirmation.
(6) All proceedings under this rule shall be conducted in compliance with the contested hearing procedures of the administrative procedures act, 1969 PA 306, MCL 24.201 to 24.328, and R 500.2101 to R 500.2142.
(7) The director shall direct the applicant or holder of a limited certificate of authority to pay the expenses and charges associated with an investigative hearing.