Sec. 2021.
An unfair method of competition and an unfair or deceptive act or practice in the business of insurance includes failure by a rating organization and an insurer that makes its own rates, within a reasonable time after receiving written request for the information and on payment of a reasonable charge, to furnish to an insured affected by a rate made by it, or to the insured authorized representative, all pertinent information to the rate. Pertinent information under this section does not include information that is a trade secret as determined by the director under section 2108(5) or 2406(6).
History: Add. 1982, Act 7, Eff. Jan. 1, 1983 ;-- Am. 2015, Act 141, Eff. Jan. 11, 2016
Popular Name: Act 218
Last modified: October 10, 2016