Michigan Compiled Laws 218-1956-23 Chapter 23 Worker's Compensation Insurance Rates (500.2301...500.2352)

• Section 500.2301 Participation In Facility By Insurers Required; Purposes.
  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...
• Section 500.2303 Definitions.
  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...
• Section 500.2310 Facility; Operation; Board Of Governors; Appointment, Terms, And Qualifications Of Members.
  The facility shall operate subject to the supervision of a board of governors appointed by the commissioner. The members of the board of governors...
• Section 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.
  (1) A plan of operation of the facility shall be prepared by the board of governors and shall be subject to the approval of...
• Section 500.2318 Facility; Classification And Rating Systems; Determination And Use.
  (1) The classification and rating systems of the facility shall be determined by the designated advisory organization, subject to the requirements of this chapter...
• Section 500.2320 Facility; Deferred Premium Payment Plans.
  The facility shall provide for deferred premium payment plans which shall include sufficient advance payments at least equal to the pro rata earned premium...
• Section 500.2322 Agent Authorized To Solicit, Negotiate, Or Effect Worker's Compensation Insurance On Behalf Of Facility Or Participating Member; Rights And Duties.
  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...
• Section 500.2350 Formal Hearing And Ruling By Facility Board Of Governors; Request; Appeal; Commissioner's Order.
  (1) Any participating member, applicant, person, or business insured under a policy placed through the facility may request a formal hearing and ruling by...
• Section 500.2352 Determinations Made By Commissioner.
  Determinations made by the commissioner pursuant to this chapter shall be made independent of the credits provided to insurers pursuant to the former single...

Last modified: October 10, 2016