Michigan Compiled Laws § 500.2638 Rating Organizations; Rules Affecting Payment Of Dividends, Savings Or Unabsorbed Premiums.

500.2638 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premiums.

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.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

Section: Previous  500.2616  500.2618  500.2620  500.2626  500.2628  500.2630  500.2636  500.2638  500.2640  500.2642  500.2646  500.2648  500.2650  500.2652  500.2654  Next

Last modified: October 10, 2016