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1 chapters · 1,672 sections in this title.
Mich. Comp. Laws § 500.2275 Notice of cancellation, nonrenewal, and similar notice; limitation.
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Sec. 2275. A person is entitled to notice of cancellation, nonrenewal, and any similar notice concerning a policy of insurance only if the person has notice rights under the terms of a policy of insurance or an endorsement to a policy of insurance. The terms and conditions of a n…
Mich. Comp. Laws § 500.2277 Violation; findings and decision of director; order.
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Sec. 2277. If the director finds that a person has violated this chapter, after an opportunity for a hearing under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, the director shall reduce the findings and decision to writing and shall issue and caus…
Mich. Comp. Laws § 500.228 Examinations and investigations of insurers; report of crimes to attorney general.
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Sec. 228. If it appears from an examination or other investigation made by the commissioner or if it appears from a report made to the commissioner pursuant to this act that a crime has been committed under a provision of this act or other law of the state, the commissioner shall…
Mich. Comp. Laws § 500.230 Recovery of penalty; disposition of funds.
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Sec. 230. Every penalty provided for by this code, if not otherwise provided for, shall be sued for and recovered in the name of the people by the prosecuting attorney of the county in which the insurer or the agent or agents so violating shall be situated; and shall be paid into…
Mich. Comp. Laws § 500.2301 Participation in facility by insurers required; purposes.
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Sec. 2301. Each insurer authorized to write worker's compensation insurance in this state shall participate in the Michigan worker's compensation placement facility for the purpose of doing all of the following: (a) Providing worker's compensation insurance to any person who is u…
Mich. Comp. Laws § 500.2303 Definitions.
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Sec. 2303. As used in this chapter: (a) "Facility" means the Michigan worker's compensation placement facility created under this chapter. (b) "Participating member" means an insurer who is a member of the facility and who in any given calendar year has a participation ratio grea…
Mich. Comp. Laws § 500.2310 Facility; operation; board of governors; appointment, terms, and qualifications of members.
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Sec. 2310. The facility shall operate subject to the supervision of a board of governors appointed by the commissioner. The members of the board of governors shall serve for terms of 2 years. The board shall consist of 5 participating members, 2 worker's compensation insurance po…
Mich. Comp. Laws § 500.2312 Facility; plan of operation; preparation, approval, review, and revision; required provisions; application of plans to insureds; retrospective evaluation of premiums and loss and expense experience.
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Sec. 2312. (1) A plan of operation of the facility shall be prepared by the board of governors and shall be subject to the approval of the commissioner. The commissioner shall review the plan of operation on an ongoing basis, and the plan shall be subject to revision at the reque…
Mich. Comp. Laws § 500.2318 Facility; classification and rating systems; determination and use.
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Sec. 2318. (1) The classification and rating systems of the facility shall be determined by the designated advisory organization, subject to the requirements of this chapter and the approval of the commissioner. (2) Every participating member designated to act on behalf of the fa…
Mich. Comp. Laws § 500.2320 Facility; deferred premium payment plans.
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Sec. 2320. The facility shall provide for deferred premium payment plans which shall include sufficient advance payments at least equal to the pro rata earned premium at all times.
Mich. Comp. Laws § 500.2322 Agent authorized to solicit, negotiate, or effect worker's compensation insurance on behalf of facility or participating member; rights and duties.
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Sec. 2322. Every agent who is authorized to solicit, negotiate, or effect worker's compensation insurance on behalf of the facility or on behalf of any participating member shall: (a) Offer to place worker's compensation insurance through the facility for any applicant requesting…
Mich. Comp. Laws § 500.234 Insurance department; records of office; public inspection, exceptions, destruction, rules and regulations.
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Sec. 234. (1) The office of the insurance department is a public office and the records, books, and papers thereof on file therein shall be public records, accessible to the inspection of the public, except as the commissioner, for good reason, may decide otherwise, or except as …
Mich. Comp. Laws § 500.2350 Formal hearing and ruling by facility board of governors; request; appeal; commissioner's order.
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Sec. 2350. (1) Any participating member, applicant, person, or business insured under a policy placed through the facility may request a formal hearing and ruling by the board of governors of the facility on any of the following: (a) An alleged violation of the plan of operation.…
Mich. Comp. Laws § 500.2352 Determinations made by commissioner.
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Sec. 2352. Determinations made by the commissioner pursuant to this chapter shall be made independent of the credits provided to insurers pursuant to the former single business tax act, 1975 PA 288, or the Michigan business tax act, 2007 PA 36, MCL 208.1101 to 208.1601.
Mich. Comp. Laws § 500.238 Insurance commissioner; annual report to governor, contents, publication.
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Sec. 238. (1) The commissioner shall compile a report of the conduct of his office annually at such time each year as the information to be contained therein is available, which report shall be printed for public information and use in such number as the commissioner may deem adv…
Mich. Comp. Laws § 500.240 Fees and charges; collection, payment, and disposition.
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Sec. 240. (1) The director shall collect, and the person affected shall pay to the director, the following fees: (a) Filing fee for original authorization to transact insurance or health maintenance organization business in this state, for each domestic, foreign, and alien insure…
Mich. Comp. Laws § 500.2400 Purposes and interpretation of chapter.
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Sec. 2400. (1) Except with respect to worker's compensation insurance, 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 coo…
Mich. Comp. Laws § 500.2401 Applicability of chapter; insurance or coverage subject to regulation by another rate regulatory chapter; filing designation with commissioner; order for prior approval; absence of reasonable degree of competition.
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Sec. 2401. (1) Except as provided in subsection (2), this chapter applies to the following kinds of insurance or coverages on risks or operations in this state: (a) Casualty insurance, as defined in section 624, except as to livestock insurance. (b) Surety and fidelity. (c) Autom…
Mich. Comp. Laws § 500.2402 Definitions; data collection agency; creation; purpose; governing board; appointment, terms, and qualifications of members; conduct of business at public meeting.
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Sec. 2402. (1) As used in this act with respect to worker's compensation insurance: (a) "Data collection agency" means an agency established for the purpose of effectuating the worker's compensation data requirements of this chapter. (b) "Designated advisory organization" means t…
Mich. Comp. Laws § 500.2403 Rate-making provisions; uniformity among insurers.
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Sec. 2403. (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 § 500.2404 Secondary or merit rating plan for commercial liability insurance rates; rating plan for medical malpractice insurance; limitations; “commercial liability insurance” defined.
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Sec. 2404. (1) Each authorized insurer which delivers or issues for delivery commercial liability insurance policies in this state shall develop and establish a secondary or merit rating plan for commercial liability insurance rates. A merit rating plan required under this sectio…
Mich. Comp. Laws § 500.2405 Liquor liability insurance policies; server training discount plan; certified server training course.
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Sec. 2405. Each insurer which delivers or issues for delivery liquor liability insurance policies in this state shall develop and maintain a server training discount plan pursuant to this section. A server training discount plan required under this section shall provide for a pre…
Mich. Comp. Laws § 500.2406 Required filings by insurers; insufficient information; supporting information; notice; public inspection; becoming member of or subscriber to licensed rating organization; rates and rating systems regarding worker's compensation insurance; filings; certification; trade secret.
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Sec. 2406. (1) Except for worker's compensation insurance, an insurer shall file with the director a manual of classification, manual of rules and rates, rating plan, or modification of a manual of classification, manual of rules and rates, or rating plan that the insurer propose…
Mich. Comp. Laws § 500.2407 “Pure premium data” defined; worker's compensation insurance; collecting, compiling, or making available to insurers certain information; filing rating system incompatible with approved statistical plans; proposed plan for reporting data; hearing; sharing information in establishing rates prohibited; exception; cost of operating data collection agency; rules; applicability of section.
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Sec. 2407. (1) As used in this section, "pure premium data" means all historical data, including actual historical loss data by classification per payroll, except data prohibited by subsection (4). Pursuant to this section, insurers shall supply information regarding pure premium…
Mich. Comp. Laws § 500.2408 Review of filings by commissioner; purpose; waiting period; extension; effective date of filing; special filing; section inapplicable to worker's compensation insurance.
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Sec. 2408. (1) The commissioner shall review filings as soon as reasonably possible after they have been made in order to determine whether the filings meet the requirements of this chapter. (2) Subject to the exception specified in subsection (3), each filing whether or not acco…
Mich. Comp. Laws § 500.2410 Filing requirements; modification or suspension by insurance commissioner.
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Sec. 2410. 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 § 500.2411 Rates and rating systems; classifications; merit rating plan; use of single enterprise rule or similar rule prohibited.
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Sec. 2411. (1) Rates and rating systems used by any insurer with regard to worker's compensation insurance within this state shall conform to the applicable requirements of this section. (2) Classifications used by an insurer shall be based upon 1 or more of the following: (a) Th…
Mich. Comp. Laws § 500.2412 Filing requirements; adherence by insurer.
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Sec. 2412. No insurer shall make or issue a contract or policy except in accordance with filings which are in effect for said insurer as provided in this chapter or in accordance with sections 2410 or 2414.
Mich. Comp. Laws § 500.2414 Filing requirements; excess rates on specific risks.
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Sec. 2414. 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 § 500.2416 Disapproval of filing; notice; waiting period.
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Sec. 2416. (1) If within the waiting period or any extension thereof as provided in subsection (2) of section 2408, 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 writ…
Mich. Comp. Laws § 500.2418 Disapproval of filing after approval; hearing; notice; procedure.
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Sec. 2418. If at any time after approval of any filing either by act or order of the commissioner or by operation of law, or before approval of a filing made by a worker's compensation insurer controlled by a nonprofit health care corporation operating pursuant to the nonprofit h…
Mich. Comp. Laws § 500.2419 Excessive premium charges for worker's compensation insurance; personal meeting with management representative; providing reserve and redemption information to insured upon request; determination of dispute by commissioner; rules; redemption of worker's compensation claim; notice.
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Sec. 2419. (1) An insured who has reason to believe that the insured's premium charges for worker's compensation insurance are excessive as a result of unreasonable reserves or the unreasonable redemption of a claim shall be entitled to a personal meeting with a management repres…
Mich. Comp. Laws § 500.2420 Complaint of aggrieved person or organization; application for hearing; notice; order rendering filing ineffective; filing by insurer providing worker's compensation insurance controlled by nonprofit health care corporation; prohibited use of section.
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Sec. 2420. (1) Any person or organization aggrieved with respect to any filing that is in effect may apply in writing to the commissioner for a hearing on the filing. The application shall specify the grounds to be relied upon by the applicant. If the commissioner finds that the …
Mich. Comp. Laws § 500.2421 Insurer authorized to write worker's compensation insurance; prohibited acts.
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Sec. 2421. As a condition of maintaining its certificate of authority, an insurer authorized to write worker's compensation insurance shall not do any of the following: (a) Be a member of a rating organization in this state for worker's compensation insurance or have any rates, r…
Mich. Comp. Laws § 500.2426 Manual of classifications, rules and rating plans; rates meeting standards.
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Sec. 2426. No manual of classifications, rule, rating plan, or any modification of any of the foregoing which measures variations in hazards or expense provisions, or both, and which has been filed pursuant to the requirements of this chapter shall be disapproved if the rates the…
Mich. Comp. Laws § 500.2430 Manual of classifications; rules and rating plans; alternative filing; effective date; hearing; order of disapproval; adjustment of premium; review of filing.
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Sec. 2430. (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 § 500.2431 Group rated automobile insurance; MCL 500.2430 inapplicable.
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Sec. 2431. Section 2430 does not apply to group rated automobile insurance.
Mich. Comp. Laws § 500.2434 Malpractice insurance for physicians; rating classifications; furnishing classifications to legislature and governor.
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Sec. 2434. (1) The commissioner, after consultation with associations representative of physician interests and with authorized insurers writing malpractice insurance for physicians in this state shall prescribe the rating classifications for use by insurers in writing malpractic…
Mich. Comp. Laws § 500.2436 Application for license as rating organization; issuance of license by commissioner; fee; duration; notification of changes.
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Sec. 2436. (1) A corporation, an association, a partnership, or an individual, whether located within or outside this state, may make application to the commissioner for a license as a rating organization to make rates and insurance contract forms for the kinds of insurance or su…
Mich. Comp. Laws § 500.2438 Rating organizations; subscribers; notice of changes in rules; furnishing of service without discrimination; review; order.
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Sec. 2438. (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 or subdivision thereof for which it is …
Mich. Comp. Laws § 500.244 Judicial review.
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Sec. 244. (1) A person aggrieved by a final order, decision, finding, ruling, opinion, rule, action, or inaction provided for under this act may seek judicial review in the manner provided for in chapter 6 of the administrative procedures act of 1969, 1969 PA 306, MCL 24.301 to 2…
Mich. Comp. Laws § 500.2440 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
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Sec. 2440. 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 § 500.2446 Rating organizations; cooperation with other rating organizations and insurers, discontinuance.
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Sec. 2446. 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 § 500.2450 Rating organizations; deviation from filings, procedure, termination of deviation.
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Sec. 2450. (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 § 500.2452 Rating organizations; alternative deviation, without waiting period, procedure, termination of deviation.
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Sec. 2452. (1) In lieu of the requirements of section 2450 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 § 500.2456 Rating organizations; subscriber appeal to insurance commissioner from action by organization.
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Sec. 2456. (1) 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 and the commissioner …
Mich. Comp. Laws § 500.2458 Furnishing information as to rates; hearings for persons aggrieved by rating system; appeal; representation.
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Sec. 2458. 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 the rating organization or insurer,…
Mich. Comp. Laws § 500.2462 Advisory organizations; definition; filing; discontinuance of unfair or unreasonable practices; rate filings; violation.
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Sec. 2462. (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 § 500.2464 Joint underwriting or reinsurance; unfair activities.
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Sec. 2464. (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 § 500.2468 Examination of rating organizations; report.
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Sec. 2468. (1) The commissioner may make or cause to be made an examination of each rating organization licensed in this state under section 2436, each advisory organization referred to in section 2462, and of each group, association, or other organization referred to in section …