{"id":"AGY-ST-INSURANCE-BANKING-088","kind":"context","level":"sector-regulator","jurisdiction":"Michigan; Department of Insurance and Financial Services","state":"MI","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Anita G. Fox, Director","authority":"MCL 500.200 et seq.","instrument":"Bulletin 2020-08-INS","title":"Temporary Regulatory Flexibility Re: COVID-19","dateIssued":"2020-03-20","effective":"2020-03-20","end":"Bulletin 2020-38 and 2020-41 (Oct. 2020, Ex. 095) continued DIFS\u0027 COVID-19 bulletins after the Governor\u0027s orders fell","startDate":"2020-03-20","endDate":"2020-12-31","quarters":["2020Q2","2020Q3","2020Q4"],"types":["GATH","TELE","OTHER"],"addressees":["all insurers authorized in Michigan"],"clause":"In light of Executive Orders 2020-04 and 2020-11, insurers are encouraged to utilize maximum flexibility in [scheduling and conducting meetings]... Any temporary amendments to an insurer\u0027s bylaws to adopt provisions that allow greater flexibility regarding the scheduling of annual stockholder or policyholder meetings and remote meetings of the board of directors [will be accepted]. See MCL 500.5245... Any deadlines that apply to hard copy filing dates are hereby postponed and DIFS [will accept electronic filings].","enforcement":"MCL 500.200 et seq.","functions":["IN insurers (annual meetings, board meetings, filings)","OP office and governance functions moved remote","GATH shareholder and policyholder meetings"],"notes":"Issued under EO 2020-11 (gatherings of more than 50 prohibited).","sourceUrl":"https://www.michigan.gov/documents/difs/Bulletin_2020-08-INS_684451_7.pdf","snapshot":"https://web.archive.org/web/20200522040805/https://www.michigan.gov/documents/difs/Bulletin_2020-08-INS_684451_7.pdf","fileExists":true,"fileBytes":66219,"grade":"primary","character":"context","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-088","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-088","citation":"Anita G. Fox, Director, Bulletin 2020-08-INS (Mar. 20, 2020) (Ex. AGY-ST-INSURANCE-BANKING-088)","stateName":"Michigan","related":["AGY-ST-INSURANCE-BANKING-089","AGY-ST-INSURANCE-BANKING-090","AGY-ST-INSURANCE-BANKING-091","AGY-ST-INSURANCE-BANKING-092","AGY-ST-INSURANCE-BANKING-093","AGY-ST-INSURANCE-BANKING-080","AGY-ST-INSURANCE-BANKING-094"]}