Form GD-123 Deficiency Bond for Deficiencies in Allowable Net Asset Requirement - Michigan

What Is Form GD-123?

This is a legal form that was released by the Michigan Department of Agriculture and Rural Development - 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 Form GD-123?
A: Form GD-123 is a Deficiency Bond for Deficiencies in Allowable Net Asset Requirement specifically for the state of Michigan.

Q: What is the purpose of Form GD-123?
A: The purpose of Form GD-123 is to provide a bond that guarantees any deficiencies in the allowable net asset requirement.

Q: Who needs to fill out Form GD-123?
A: Insurance companies operating in Michigan who have deficiencies in the allowable net asset requirement must fill out Form GD-123.

Q: What does the allowable net asset requirement mean?
A: Allowable net asset requirement refers to the minimum amount of assets that an insurance company must maintain in order to meet regulatory standards.

Q: Is Form GD-123 specific to Michigan only?
A: Yes, Form GD-123 is specific to the state of Michigan.