MI HB6106

Requires captive insurance companies to submit audited financial statements prepared by an independent certified public accountant within 5 months after the fiscal year end.

Changes the annual renewal fee payment deadline from March 1 of each calendar year to not later than 90 days after the captive insurance company's fiscal year ends.

Modifies language requiring captive insurers to respond to director inquiries to use "not later than" instead of "within" 30 days after receipt.

Clarifies terminology throughout the chapter by replacing "commissioner" with "director," "shall" with "must," and improving grammatical consistency in regulatory language.

Maintains existing captive insurance company reporting requirements including annual financial condition reports verified by oath of executive officers and actuarial opinions on reserve adequacy.