Form FIS2308 Application for Placement on Approved Captive Insurer Management Firm List - Michigan

What Is Form FIS2308?

This is a legal form that was released by the Michigan Department of Insurance and Financial Services - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the purpose of Form FIS2308?A: Form FIS2308 is used to apply for placement on the approved captive insurer management firm list in Michigan.

Q: Who needs to submit Form FIS2308?A: Anyone seeking to be listed as an approved captive insurer management firm in Michigan must submit this form.

Q: What is a captive insurer?A: A captive insurer is an insurance company that is wholly owned and controlled by its insureds.

Q: Is there a fee for submitting Form FIS2308?A: Yes, there is a fee associated with the application. The current fee is listed on the form.

Q: What information is required on Form FIS2308?A: The form requires basic contact information, as well as details about the applicant's experience and qualifications.

Q: Are there any additional requirements to be listed as an approved captive insurer management firm?A: Yes, there are additional requirements outlined in the form. These may include holding appropriate licenses and meeting certain financial requirements.

Q: What is the purpose of being on the approved captive insurer management firm list?A: Being on the approved list allows the firm to perform management services for captive insurers in Michigan.

Q: How long does it take to process the application?A: The processing time for the application may vary. It is best to contact the Michigan Department of Insurance and Financial Services for an estimated timeline.

Q: Can an application be denied?A: Yes, the Michigan Department of Insurance and Financial Services has the authority to deny an application for various reasons, including failure to meet the necessary requirements.