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1 chapters · 1,672 sections in this title.
Mich. Comp. Laws § 500.2472 Statistical plans; exchange of data, consultation.
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Sec. 2472. (1) The commissioner shall promulgate reasonable rules and statistical plans, reasonably adapted to each of the rating systems on file with him, which may be modified from time to time and which shall be used thereafter to the extent applicable to its particular rating…
Mich. Comp. Laws § 500.2474 Prohibited acts; violation; penalties.
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Sec. 2474. A person or organization shall not wilfully withhold information from, or knowingly give false or misleading information to, the commissioner, any statistical agency designated by the commissioner, any rating organization, any data collection agency, or any insurer, wh…
Mich. Comp. Laws § 500.2475 Policy forms and statistical plans for worker's compensation insurance; continuation.
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Sec. 2475. The policy forms and statistical plans for worker's compensation insurance in effect on January 1, 1983 may continue to be used until changed pursuant to the requirements of this act.
Mich. Comp. Laws § 500.2476 Assigned risks; rate modifications.
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Sec. 2476. Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods and such insurers may agre…
Mich. Comp. Laws § 500.2478 Violation of chapter; imposition and disposition of civil fine; suspension or revocation of license.
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Sec. 2478. (1) Subject to subsection (3), the commissioner may, if he or she finds that any person or organization has violated a provision of this chapter, previous to the date of his or her finding, impose a civil fine of not more than $300.00 for each violation, and if the vio…
Mich. Comp. Laws § 500.248 Violations of act; actions; perjury.
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Sec. 248. Any persons required by the provisions of this code to take any oath, or affirmation, who shall make any false oath or affirmation, shall be deemed guilty of perjury.
Mich. Comp. Laws § 500.2482 Insurer or rating organization aggrieved by order without hearing; hearing, court review.
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Sec. 2482. (1) Any insurer or rating organization aggrieved by any order or decision of the commissioner made without a hearing, may within 30 days after notice of the order to the insurer or organization, make written request to the commissioner for a hearing thereon. The commis…
Mich. Comp. Laws § 500.2484 Insurance commissioner; regulatory powers.
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Sec. 2484. The commissioner may make reasonable rules and regulations necessary to effect the purposes of this chapter.
Mich. Comp. Laws § 500.249 Insurance commissioner; investigations of agents, adjusters, counselors, managers, promoters, officers and directors.
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Sec. 249. For the purposes of ascertaining compliance with the provisions of the insurance laws of the state or of ascertaining the business condition and practices of an insurer or proposed insurer, the commissioner, as often as he deems advisable, may initiate proceedings to ex…
Mich. Comp. Laws § 500.249a Fingerprints required; costs; providing criminal history records.
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Sec. 249a. (1) The following persons shall appear, at the commissioner's request, before the sheriff or any police agency for the county in which the person resides and request an impression of his or her fingerprints and shall pay the costs incurred under this section: (a) Offic…
Mich. Comp. Laws § 500.250 Insurers; stock transfer; officers or directors; appointment; notice to director; grounds for removal; hearing; order; civil immunity; review; "insurer" defined.
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Sec. 250. (1) All insurers licensed to do business in this state shall notify the director within 30 days of any transfer of stock that results in any 1 person holding 10% or more of the voting shares of an insurer. In addition, a domestic insurer shall notify the director within…
Mich. Comp. Laws § 500.251 Cease and desist order.
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Sec. 251. (1) In the reasonable exercise of discretion, the commissioner may issue a cease and desist order if the commissioner finds any of the following: (a) A person is conducting transactions of insurance for which a certificate of authority is required by this act without ha…
Mich. Comp. Laws § 500.2600 Purpose of chapter; construction.
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Sec. 2600. The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate making and in other ma…
Mich. Comp. Laws § 500.2601 Scope of chapter.
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Sec. 2601. (1) This chapter applies to the following kinds of insurance as written on risks located in this state by and companies, associations, or other carriers, including reciprocals: (a) Property insurance, as defined in section 610. (b) Marine insurance, as defined in secti…
Mich. Comp. Laws § 500.2603 Rate-making provisions; uniformity.
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Sec. 2603. (1) All rates shall be made in accordance with the following provisions: (a) Due consideration shall be given to past and prospective loss experience within and outside this state; to catastrophe hazards; to a reasonable margin for underwriting profit and contingencies…
Mich. Comp. Laws § 500.2606 Rate filings; proposed effective date; character and extent of coverage; insufficient information; public inspection; trade secret; inland marine rates; insurer as member of or subscriber to rating organization.
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Sec. 2606. (1) Each insurer shall file with the director, except as to inland marine risks that by general custom of the business are not written according to manual rates or rating plans, every manual, minimum, class rate, rating schedule or rating plan and every other rating ru…
Mich. Comp. Laws § 500.2608 Rate filings; review by insurance commissioner; waiting period; specific inland marine rates on risks.
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Sec. 2608. (1) The commissioner shall review filings as soon as reasonably possible after they have been made in order to determine whether they meet the requirements of this chapter. (2) Subject to the exception specified in subsection (3) of this section, each filing shall be o…
Mich. Comp. Laws § 500.261 Internet website; publication of changes and rights regarding automobile insurance in this state; reporting of fraud and unfair practices.
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Sec. 261. (1) The department shall maintain on its internet website a page that does all of the following: (a) Advises that the department may be able to assist a person who believes that an automobile insurer is not paying benefits, not making timely payments, or otherwise not p…
Mich. Comp. Laws § 500.2610 Filing requirements; modification or suspension by insurance commissioner.
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Sec. 2610. Under such rules and regulations as he shall adopt the commissioner may, by written order, suspend or modify the requirement of filing as to any kind of insurance, subdivision or combination thereof, or as to classes of risks, the rates for which cannot practicably be …
Mich. Comp. Laws § 500.2612 Rate filings; adherence by insurer.
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Sec. 2612. No insurer shall make or issue a contract except in accordance with the filings which are in effect for said insurer as provided in this chapter or in accordance with sections 2610 or 2614. This section shall not apply to contracts or policies for inland marine risks a…
Mich. Comp. Laws § 500.2614 Rate organization; excess rates on specific risks.
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Sec. 2614. Upon the written application of the insured, stating his reasons therefor, filed with and approved by the commissioner, a rate in excess of that provided by a filing otherwise applicable may be used on any specific risk.
Mich. Comp. Laws § 500.2616 Disapproval of filing by insurance commissioner; notice; waiting period; specific inland marine rate.
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Sec. 2616. (1) If within the waiting period or any extension thereof as provided in section 2608 (2), the commissioner finds that a filing does not meet the requirements of this chapter, he shall send to the insurer or rating organization which made such filing, written notice of…
Mich. Comp. Laws § 500.2618 Failure of filing to meet requirements; procedure.
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Sec. 2618. If at any time after the applicable review period provided for in section 2616, the commissioner finds that a filing does not meet the requirements of this chapter, the commissioner shall, after a hearing held upon not less than 10 days' written notice, specifying the …
Mich. Comp. Laws § 500.2620 Disapproval of filing; complaint of aggrieved person or organization; hearing; notice; order rendering filing ineffective.
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Sec. 2620. (1) Any person or organization aggrieved with respect to any filing which is in effect may make written application to the commissioner for a hearing thereon: Provided, however, That the insurer or rating organization that made the filing shall not be authorized to pro…
Mich. Comp. Laws § 500.2626 Manual, minimum, class rate, rating schedule, rating plan or rule; rates meeting standards.
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Sec. 2626. No manual, minimum, class rate, rating schedule, rating plan, rating rule, or any modification of any of the foregoing which has been filed pursuant to the requirements of sections 2606 through 2614 shall be disapproved if the rates thereby produced meet the requiremen…
Mich. Comp. Laws § 500.2628 Rates; alternative method of filing; disapproval; hearing; order; approval; adjustment of premium; review.
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Sec. 2628. (1) In lieu of the filing requirements of this chapter and as an alternative method of filing, any insurer or rating organization may file with the commissioner any manual of classification, rules or rates, any rating plan and every modification of any of the foregoing…
Mich. Comp. Laws § 500.2630 Rating organization; license application, contents.
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Sec. 2630. (1) A corporation, an unincorporated association, a partnership or an individual, whether located within or outside this state, may make application to the commissioner for license as a rating organization to make rates and insurance contract forms for such kinds of in…
Mich. Comp. Laws § 500.2636 Rating organizations; subscribers; notice of changes in rules and regulations; review; order.
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Sec. 2636. (1) Subject to rules and regulations which have been approved by the commissioner as reasonable, each rating organization shall permit any insurer, not a member, to be a subscriber to its rating services for any kind of insurance, subdivision, or class of risk or a par…
Mich. Comp. Laws § 500.2638 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premiums.
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Sec. 2638. No rating organization shall adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.
Mich. Comp. Laws § 500.2640 Rating organizations; cooperation with other rating organizations and insurers, discontinuance.
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Sec. 2640. Cooperation among rating organizations or among rating organizations and insurers in rate making or in other matters within the scope of this chapter is hereby authorized, provided the filings resulting from such cooperation are subject to all the provisions of this ch…
Mich. Comp. Laws § 500.2642 Rating organizations; submission of policies for examination; actuarial, technical, or other services.
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Sec. 2642. (1) Any rating organization may provide for the examination of policies, daily reports, binders, renewal certificates, endorsements or other evidences of insurance, or the cancellation thereof, and may make reasonable rules governing their submission. Such rules shall …
Mich. Comp. Laws § 500.2646 Rating organizations; deviation, procedure, termination of deviation.
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Sec. 2646. (1) Every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that any such insurer may make written application to the commissioner to file a deviation from the class rates, schedules, rating plan…
Mich. Comp. Laws § 500.2648 Rating organizations; alternative methods for deviation.
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Sec. 2648. (1) In lieu of the requirements of section 2646 for deviation and as an alternative method for deviation every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that any such insurer may make app…
Mich. Comp. Laws § 500.2650 Rating organizations; member or subscriber, appeal to insurance commissioner.
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Sec. 2650. Any member of or subscriber to a rating organization may appeal to the commissioner from the action or decision of such rating organization in approving or rejecting any proposed change in or addition to the filings of such rating organization. The commissioner shall, …
Mich. Comp. Laws § 500.2652 Rating organization and insurer; rating information to insured, hearing; appeal.
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Sec. 2652. Each rating organization and insurer that makes its own rates, within a reasonable time after receiving written request for the information and on payment of a reasonable charge, shall furnish to an insured affected by a rate made by it, or to the insured's authorized …
Mich. Comp. Laws § 500.2654 Advisory organizations; definition; filing; discontinuance of unfair or unreasonable practices; rate filings; violation.
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Sec. 2654. (1) Every group, association or other organization of insurers, whether located within or outside this state, which assists insurers which make their own filings or rating organizations in rate making, by the collection and furnishing of loss or expense statistics, or …
Mich. Comp. Laws § 500.2658 Joint underwriting or reinsurance; unfair activities.
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Sec. 2658. (1) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect thereto as herein provided, subject, however, with respect to joint underwriting, to all other provision…
Mich. Comp. Laws § 500.2662 Examination of rating advisory organizations; report.
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Sec. 2662. (1) The commissioner may make or cause to be made an examination of each rating organization licensed in this state under section 2630, each advisory organization referred to in section 2654, and of each group, association, or other organization referred to in section …
Mich. Comp. Laws § 500.2664 Statistical plans; exchange of data, consultation.
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Sec. 2664. (1) The commissioner shall promulgate reasonable rules and statistical plans, reasonably adapted to each of the rating systems on file with him, which may be modified from time to time and which shall be used thereafter by each insurer in the recording and reporting of…
Mich. Comp. Laws § 500.2666 Withholding information, false or misleading information; penalties.
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Sec. 2666. No person or organization shall wilfully withhold information from, or knowingly give false or misleading information to, the commissioner, any statistical agency designated by the commissioner, any rating organization, or any insurer, which will affect the rates or pr…
Mich. Comp. Laws § 500.2670 Violation of chapter; imposition and disposition of civil fines; suspension or revocation of license.
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Sec. 2670. (1) Subject to subsection (3), the commissioner may, if he or she finds that any person or organization has violated any provision of this chapter, impose a civil fine of not more than $300.00 for each violation, but if the commissioner finds the violation to be wilful…
Mich. Comp. Laws § 500.2672 Insurer or rating organization aggrieved by order without hearing; hearing, court review.
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Sec. 2672. (1) Any insurer or rating organization aggrieved by any order or decision of the commissioner made without a hearing, may, within 30 days after notice of the order to the insurer or organization, make written request to the commissioner for a hearing thereon. The commi…
Mich. Comp. Laws § 500.2674 Insurance commissioner; regulatory powers.
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Sec. 2674. The commissioner may make reasonable rules and regulations necessary to effect the purposes of this chapter.
Mich. Comp. Laws § 500.2700 Applicability of chapter.
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Sec. 2700. This chapter shall apply to legal expense insurance policies.
Mich. Comp. Laws § 500.2702 Meaning of group legal expense insurance.
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Sec. 2702. Group legal expense insurance is that form of voluntary legal expense insurance covering not less than 5 employees or members, with or without their eligible dependents, written under a master policy issued to any governmental corporation, unit, agency, or department t…
Mich. Comp. Laws § 500.2704 Rate-making procedure; uniformity among insurers; excessive rates.
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Sec. 2704. (1) All rates shall be made in accordance with this section and all of the following: (a) Due consideration shall be given to past and prospective loss experience within and outside this state; to catastrophe hazards; to a reasonable margin for underwriting profit and …
Mich. Comp. Laws § 500.2706 Procedures and standards for approval of casualty rates and forms to apply to legal expense insurance.
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Sec. 2706. (1) Except as provided in subsection (2), the procedures and standards contained in chapter 22, sections 2406 to 2430, section 2478, and chapter 30 for the approval of casualty rates and forms shall apply to legal expense insurance. (2) Employee group policies shall be…
Mich. Comp. Laws § 500.271 Report to legislature on the effect of the limits imposed on charges for products, services, and accommodations under MCL 500.3157.
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Sec. 271. By December 31 of 2022 and every year afterward through 2030, the department shall review the effect of changes made to section 3157 by the amendatory act that added this section and provide a report to the legislature on the department's findings.
Mich. Comp. Laws § 500.2804 Fire insurance contracts on property herein deemed made in Michigan.
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Sec. 2804. All contracts of fire insurance upon property real or personal located in this state shall be held and deemed to be made and consummated within this state.
Mich. Comp. Laws § 500.2806 Policy or contract of fire insurance; requirements.
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Sec. 2806. A policy or contract of fire insurance shall not be made, issued, or delivered by an insurer or by an agent or representative of an insurer, on any property in this state, unless it conforms to the provisions of this chapter.