MI HB4362

Allows group self-insurers to establish processes and procedures for distributing excess assets beyond group obligations, subject to director approval.

Requires each employer member of a self-insurer group to possess ownership in their proportional share of group assets in excess of the group's obligations.

Applies to employers in the same industry with combined assets of $1,000,000 or more, and to public employers of the same type of unit, including cities, townships, counties, villages, universities, colleges, and school districts.

Effective February 14, 2016, with the act taking effect 90 days after enactment.