When does the 6 month period for reporting charges and returned premiums end?

The correct answer is that the 6-month period for reporting charges and returned premiums ends on June 30 and December 31. This timeline aligns with the reporting obligations set forth by regulatory bodies governing surplus lines in Michigan.

Each half of the year is marked by these specific dates, providing a clear framework for insurers and their agents to submit necessary reports. This structure is beneficial as it establishes consistent intervals for compliance, enabling regulators to more effectively monitor and manage surplus lines operations.

Other timelines provided in the options do not match the established reporting periods set by the relevant regulations, making them unsuitable as answers. The June 30 and December 31 deadlines are backed by the statutory requirements that dictate how surplus lines should be managed and reported, ensuring all parties adhere to the state's legal obligations.