Insurance: other; definitions in the insurance code of 1956; revise. Amends sec. 4601 of 1956 PA 218 (MCL 500.4601).

HB 6100 updates the definitions for various types of captive insurance companies within Michigan's insurance code. The bill clarifies terms such as "affiliated company," "pure captive insurance company," and "sponsored captive insurance company" to ensure consistent understanding of corporate structures and relationships. These revised definitions apply to insurance regulators, captive insurance providers, and the businesses that utilize these entities to manage their own risks. By standardizing these legal descriptions, the legislation aims to improve clarity and consistency in how insurance regulations are applied and interpreted.