Michigan Compiled Laws 218-1956-24 Chapter 24 Casualty Insurance Rates (500.2400...500.2484)
- Section 500.2400 Purposes And Interpretation Of Chapter.
(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...
- Section 500.2400a Repealed. 1993, Act 200, Eff. Dec. 28, 1994.
Compiler's Notes: The repealed section pertained to applicability of act to state accident fund.Popular Name: Act 218
- Section 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.
(1) Except as provided in subsection (2), this chapter applies to the following kinds of insurance or coverages on risks or operations in this...
- Section 500.2402 Definitions; Data Collection Agency; Creation; Purpose; Governing Board; Appointment, Terms, And Qualifications Of Members; Conduct Of Business At Public Meeting.
(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...
- Section 500.2403 Rate-making Provisions; Uniformity Among Insurers.
(1) All rates shall be made in accordance with this section and all of the following: (a) Due consideration shall be given to past...
- Section 500.2404 Secondary Or Merit Rating Plan For Commercial Liability Insurance Rates; Rating Plan For Medical Malpractice Insurance; Limitations; “commercial Liability Insurance” Defined.
(1) Each authorized insurer which delivers or issues for delivery commercial liability insurance policies in this state shall develop and establish a secondary or...
- Section 500.2405 Liquor Liability Insurance Policies; Server Training Discount Plan; Certified Server Training Course.
Each insurer which delivers or issues for delivery liquor liability insurance policies in this state shall develop and maintain a server training discount plan...
- Section 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.
(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,...
- Section 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.
(1) As used in this section, “pure premium data” means all historical data, including actual historical loss data by classification per payroll, except data...
- Section 500.2408 Review Of Filings By Commissioner; Purpose; Waiting Period; Extension; Effective Date Of Filing; Special Filing; Section Inapplicable To Worker's Compensation Insurance.
(1) The commissioner shall review filings as soon as reasonably possible after they have been made in order to determine whether the filings meet...
- Section 500.2409 Public Hearing And Report Required; Condition; Basis Of Report; Findings; Certification; Contested Hearing; Final Report And Certification; Consideration By Commissioner; Forwarding Reports And Certification To Governor, Clerk Of The House, Secretary Of The Senate, And Legislative Committee Members; Approval Or Disapproval Of Certification By Legislature; Concurrent Resolution; Vote.
(1) By May 15, 2003 and by May 15 annually thereafter, the commissioner shall make a determination as to whether a reasonable degree of...
- Section 500.2409a Worker's Compensation Insurance Market; Plan To Create Competition Or Availability; Methods; Powers Of Commissioner.
If the commissioner certifies and the legislature resolves pursuant to section 2409 that a reasonable degree of competition does not exist with respect to...
- Section 500.2409b Availability Of Liquor Liability Insurance; Report; Certification; Considerations; Submission Of Report And Certification; “liquor Liability Insurance” Defined.
(1) The commissioner shall issue a report detailing the state of availability in the liquor liability insurance market and delineating specific classifications of liquor...
- Section 500.2409c Public Hearing; Issuance And Contents Of Tentative Report; Request For Contested Hearing; Final Report And Certification; Considerations.
(1) By May 15, 2003 and by May 15 annually thereafter, the commissioner shall make an annual determination as to whether a reasonable degree...
- Section 500.2410 Filing Requirements; Modification Or Suspension By Insurance Commissioner.
Under such rules and regulations as he shall adopt the commissioner may, by written order, suspend or modify the requirement of filing as to...
- Section 500.2411 Rates And Rating Systems; Classifications; Merit Rating Plan; Use Of Single Enterprise Rule Or Similar Rule Prohibited.
(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...
- Section 500.2412 Filing Requirements; Adherence By Insurer.
No insurer shall make or issue a contract or policy except in accordance with filings which are in effect for said insurer as provided...
- Section 500.2414 Filing Requirements; Excess Rates On Specific Risks.
Upon the written application of the insured, stating his reasons therefor, filed with and approved by the commissioner, a rate in excess of that...
- Section 500.2416 Disapproval Of Filing; Notice; Waiting Period.
(1) If within the waiting period or any extension thereof as provided in subsection (2) of section 2408, the commissioner finds that a filing...
- Section 500.2418 Disapproval Of Filing After Approval; Hearing; Notice; Procedure.
If at any time after approval of any filing either by act or order of the commissioner or by operation of law, or before...
- Section 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.
(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...
- Section 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.
(1) Any person or organization aggrieved with respect to any filing that is in effect may apply in writing to the commissioner for a...
- Section 500.2421 Insurer Authorized To Write Worker's Compensation Insurance; Prohibited Acts.
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:...
- Section 500.2426 Manual Of Classifications, Rules And Rating Plans; Rates Meeting Standards.
No manual of classifications, rule, rating plan, or any modification of any of the foregoing which measures variations in hazards or expense provisions, or...
- Section 500.2430 Manual Of Classifications; Rules And Rating Plans; Alternative Filing; Effective Date; Hearing; Order Of Disapproval; Adjustment Of Premium; Review Of Filing.
(1) In lieu of the filing requirements of this chapter and as an alternative method of filing, any insurer or rating organization may file...
- Section 500.2431 Group Rated Automobile Insurance; Mcl 500.2430 Inapplicable.
Section 2430 does not apply to group rated automobile insurance. History: Add. 1969, Act 346, Eff. Apr. 1, 1970 ;-- Am. 1982, Act 7,...
- Section 500.2434 Malpractice Insurance For Physicians; Rating Classifications; Furnishing Classifications To Legislature And Governor.
(1) The commissioner, after consultation with associations representative of physician interests and with authorized insurers writing malpractice insurance for physicians in this state shall...
- Section 500.2436 Application For License As Rating Organization; Issuance Of License By Commissioner; Fee; Duration; Notification Of Changes.
(1) A corporation, an association, a partnership, or an individual, whether located within or outside this state, may make application to the commissioner for...
- Section 500.2438 Rating Organizations; Subscribers; Notice Of Changes In Rules; Furnishing Of Service Without Discrimination; Review; Order.
(1) Subject to rules and regulations which have been approved by the commissioner as reasonable, each rating organization shall permit any insurer, not a...
- Section 500.2440 Rating Organizations; Rules Affecting Payment Of Dividends, Savings Or Unabsorbed Premium.
No rating organization shall adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings or unabsorbed...
- Section 500.2446 Rating Organizations; Cooperation With Other Rating Organizations And Insurers, Discontinuance.
Cooperation among rating organizations or among rating organizations and insurers in rate making or in other matters within the scope of this chapter is...
- Section 500.2450 Rating Organizations; Deviation From Filings, Procedure, Termination Of Deviation.
(1) Every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that...
- Section 500.2452 Rating Organizations; Alternative Deviation, Without Waiting Period, Procedure, Termination Of Deviation.
(1) In lieu of the requirements of section 2450 for deviation and as an alternative method for deviation every member of or subscriber to...
- Section 500.2456 Rating Organizations; Subscriber Appeal To Insurance Commissioner From Action By Organization.
(1) Any member of or subscriber to a rating organization may appeal to the commissioner from the action or decision of such rating organization...
- Section 500.2458 Furnishing Information As To Rates; Hearings For Persons Aggrieved By Rating System; Appeal; Representation.
Each rating organization and insurer that makes its own rates, within a reasonable time after receiving written request for the information and on payment...
- Section 500.2462 Advisory Organizations; Definition; Filing; Discontinuance Of Unfair Or Unreasonable Practices; Rate Filings; Violation.
(1) Every group, association or other organization of insurers, whether located within or outside this state, which assists insurers which make their own filings...
- Section 500.2464 Joint Underwriting Or Reinsurance; Unfair Activities.
(1) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect...
- Section 500.2468 Examination Of Rating Organizations; Report.
(1) The commissioner may make or cause to be made an examination of each rating organization licensed in this state under section 2436, each...
- Section 500.2472 Statistical Plans; Exchange Of Data, Consultation.
(1) The commissioner shall promulgate reasonable rules and statistical plans, reasonably adapted to each of the rating systems on file with him, which may...
- Section 500.2474 Prohibited Acts; Violation; Penalties.
A person or organization shall not wilfully withhold information from, or knowingly give false or misleading information to, the commissioner, any statistical agency designated...
- Section 500.2475 Policy Forms And Statistical Plans For Worker's Compensation Insurance; Continuation.
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...
- Section 500.2476 Assigned Risks; Rate Modifications.
Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in...
- Section 500.2477 Submission Of Data And Information By Insurer Providing Professional Liability Insurance; Retention Of Data And Information As Confidential Records; Release Of Records; Liability.
(1) Every insurer providing professional liability insurance to a person licensed by the Michigan board of medicine, the Michigan board of osteopathic medicine and...
- Section 500.2477a Municipal Liability Insurance; Data And Information Required; Filing And Release Of Data And Information; Liability.
(1) Each insurer providing municipal liability insurance to an insured in this state shall submit the following data to the commissioner at the time...
- Section 500.2477b Municipal Liability Claim Or Professional Liability Claim; Submission Of Data By Person Paying Or Assuming Liability To Pay Claim; Retention, Filing, And Release Of Data And Information; Liability.
(1) Every person, other than an insurer, who pays or who has assumed liability to pay a municipal liability claim arising in this state...
- Section 500.2477c Attorney Representing Plaintiff Or Defendant In Regard To Municipal Liability Or Professional Liability Claim; Submission Of Data To Commissioner; Retention, Filing, And Release Of Data And Information; Liability.
(1) Every attorney licensed to practice law in this state who represents a plaintiff or defendant in regard to a municipal liability claim arising...
- Section 500.2477d Publication Of Report By Commissioner.
The commissioner shall publish a report every 2 years which does all of the following: (a) Describes the condition of the medical malpractice insurance...
- Section 500.2478 Violation Of Chapter; Imposition And Disposition Of Civil Fine; Suspension Or Revocation Of License.
(1) Subject to subsection (3), the commissioner may, if he or she finds that any person or organization has violated a provision of this...
- Section 500.2482 Insurer Or Rating Organization Aggrieved By Order Without Hearing; Hearing, Court Review.
(1) Any insurer or rating organization aggrieved by any order or decision of the commissioner made without a hearing, may within 30 days after...
- Section 500.2484 Insurance Commissioner; Regulatory Powers.
The commissioner may make reasonable rules and regulations necessary to effect the purposes of this chapter. History: 1956, Act 218, Eff. Jan. 1, 1957...
Last modified: October 10, 2016