reglab/housing_qa huggingface dataset:
MI Comp L § 500.2400 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2400 - Purposes and Interpretation of Chapter.

500.2400 Purposes and interpretation of chapter. 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 cooperative action among insurers in rate-making and in other matters within the scope of the insurance code. Nothing in this chapter is intended (1) to prohibit or discourage reasonable competition, or (2) to prohibit, or encourage except to the extent necessary to accomplish the aforementioned purpose, uniformity in insurance rates, rating systems, rating plans, or practices.  (2) With respect to worker's compensation insurance, the purposes of this chapter are:  (a) To protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory rates.  (b) To promote price competition among insurers writing worker's compensation insurance so as to encourage rates which will result in the lowest possible rates consistent with the benefits established in the worker's disability compensation act of 1969, Act No. 317 of the Public Acts of 1969, as amended, being sections 418.101 to 418.941 of the Michigan Compiled Laws, and with maintaining the solvency of insurers.  (c) To provide regulatory controls and other activity in the absence of competition.  (d) To improve the availability, fairness, and reliability of worker's compensation insurance.   (3) This chapter shall be liberally interpreted to carry into effect the provisions of this section. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1982, Act 8, Eff. Jan. 1, 1983 Popular Name: Act 218
MI Comp L § 500.2400a (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2400a - Repealed. 1993, Act 200, Eff. Dec. 28, 1994.

500.2400a Repealed. 1993, Act 200, Eff.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 Compiler's Notes: The repealed section pertained to applicability of act to state accident fund.Popular Name: Act 218
MI Comp L § 500.2404 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2404 - Secondary or Merit Rating Plan for Commercial Liability Insurance Rates; Rating Plan for Medical Malpractice Insurance; Limitations; “Commercial Liability Insurance” Defined.

500.2404 Secondary or merit rating plan for commercial liability insurance rates; rating plan for medical malpractice insurance; limitations; “commercial liability insurance” defined.  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 section shall adjust rates for commercial liability insurance policies on the basis of risk management technique implemented by the insured.  (2) An insurer's rating plan for medical malpractice insurance may provide for a premium surcharge based upon the filing of an action against the insured, subject to all of the following limitations:  (a) The surcharge plan shall be filed with the commissioner.  (b) A surcharge shall not be based on an action that was filed more than 3 years immediately preceding the issuance or renewal of the policy.  (c) A surcharge shall not be based on an action for which the insured has been adjudged not liable or which has been dismissed or settled without indemnity being paid on behalf of the insured.  (d) A surcharge shall not be based on an action for which the insurer pays, on behalf of the insured, indemnity and loss adjustment expenses with respect to such action in an amount that is less than 51% of the annual premium paid by the insured for the policy period covering such action.  (3) As used in this section, "commercial liability insurance" means insurance which provides indemnification for commercial, industrial, professional, or business liabilities. History: Add. 1986, Act 173, Imd. Eff. July 7, 1986 Popular Name: Act 218
MI Comp L § 500.2405 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2405 - Liquor Liability Insurance Policies; Server Training Discount Plan; Certified Server Training Course.

500.2405 Liquor liability insurance policies; server training discount plan; certified server training course. 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 premium discount for liquor liability insurance policies based upon the completion of a certified server training course in compliance with the provisions of the Michigan liquor control act, Act No. 8 of the Public Acts of the Extra Session of 1933, being sections 436.1 to 436.58 of the Michigan Compiled Laws. History: Add. 1986, Act 173, Imd. Eff. July 7, 1986 Popular Name: Act 218
MI Comp L § 500.2408 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|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.

500.2408 Review of filings by commissioner; purpose; waiting period; extension; effective date of filing; special filing; section inapplicable to worker's compensation insurance. 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 accompanied by supporting information shall be on file for a waiting period of 15 days before it becomes effective, which period may be extended by the commissioner for 1 additional period not to exceed 15 days if the commissioner gives written notice within the waiting period to the insurer or rating organization which made the filing that he or she needs additional time for the consideration of the filing. Upon written application by the insurer or rating organization, the commissioner may authorize a filing which he or she has reviewed to become effective before expiration of the waiting period or any extension thereof. A filing whether or not accompanied by supporting information shall be considered to meet the requirements of this chapter unless disapproved by the commissioner within the waiting period or extension thereof. Except, if a filing is not accompanied by supporting information and the information is required by the commissioner under section 2406(1), the filing shall be considered to meet the requirements of this chapter unless disapproved by the commissioner within 15 days after the information is furnished.  (3) Any special filing with respect to a surety or guaranty bond required by law, or by court or executive order, or by order, rule, or regulation of a public body, not covered by a previous filing, shall become effective when filed and shall be considered to meet the requirements of this chapter until such time as the commissioner reviews the filing and so long thereafter as the filing remains in effect.  (4) This section shall not apply to worker's compensation insurance filings made pursuant to section 2406(3), (4), and (5). History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1982, Act 8, Eff. Jan. 1, 1983 Popular Name: Act 218
MI Comp L § 500.2409 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2409 - Repealed. 2016, Act 101, Eff. Aug. 1, 2016.

500.2409 Repealed. 2016, Act 101, Eff. Aug. 1, 2016. Compiler's Notes: The repealed section pertained to report delineating classifications and kinds or types of insurance where competition does not exist.
MI Comp L § 500.2409a (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2409a - Repealed. 2016, Act 101, Eff. Aug. 1, 2016.

500.2409a Repealed. 2016, Act 101, Eff. Aug. 1, 2016. Compiler's Notes: The repealed section pertained to certification by commissioner and resolution by legislature that reasonable degree of competition does not exist with respect to worker compensation insurance market and inclusion of plan in report under MCL 500.2409.
MI Comp L § 500.2409b (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2409b - Repealed. 2016, Act 104, Eff. Aug. 1, 2016.

500.2409b Repealed. 2016, Act 104, Eff. Aug. 1, 2016. Compiler's Notes: The repealed section pertained to report detailing state of availability in liquor liability insurance market.
MI Comp L § 500.2409c (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2409c - Repealed. 2016, Act 99, Eff. Aug. 1, 2016.

500.2409c Repealed. 2016, Act 99, Eff. Aug. 1, 2016. Compiler's Notes: The repealed section pertained to public hearing to determine whether reasonable degree of competition in commercial liability insurance market exists.
MI Comp L § 500.2410 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2410 - Filing Requirements; Modification or Suspension by Insurance Commissioner.

500.2410 Filing requirements; modification or suspension by insurance commissioner. 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 filed before they are used. Such orders, rules and regulations shall be made known to insurers and rating organizations affected thereby. The commissioner may make such examination as he may deem advisable to ascertain whether any rates affected by such order meet the standards set forth in section 2403 (1) (d) (rate standards). History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.2411 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2411 - Rates and Rating Systems; Classifications; Merit Rating Plan; Use of Single Enterprise Rule or Similar Rule Prohibited.

500.2411 Rates and rating systems; classifications; merit rating plan; use of single enterprise rule or similar rule prohibited.  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) The industry group to which an employer belongs.  (b) Similarity of expected losses as reflected by similarities in pure premium and similarities in operations of employers insured.  (c) Similarity of risk of compensable injury as reflected by the type of work performed by employees.  (d) Other factors that would encourage innovation and would encourage insurers to minimize the risk of loss from hazards insured against and would be consistent with both the statistical plan approved by the commissioner and the purposes of this chapter.  (3) Each insurer shall establish a merit rating plan for worker's compensation insurance whereby an insured's premium is modified either prospectively or retrospectively. The plans required under this subsection shall provide for premium surcharges or credits based upon loss experience within a specified period or other factors which are reasonably related to risk of loss. The plan shall provide for sufficient premium differentials so as to encourage safety and adequately reward employers without a claim during the merit rating period. The sensitivity of a rating system may vary by size of the risk involved.   (4) The single enterprise rule or similar rule requiring a worker's compensation insured to be classified according to the entire business in which the insured is engaged shall not be used. Upon request of an insured, an insurer shall classify employees in separate operations of a business in different classifications consistent with the insurers' rate system filing if payroll information is supplied to the insurer for each operation requested to be in a separate classification.  History: Add. 1982, Act 8, Eff. Jan. 1, 1983 Popular Name: Act 218
MI Comp L § 500.2412 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2412 - Filing Requirements; Adherence by Insurer.

500.2412 Filing requirements; adherence by insurer. 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. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.2414 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2414 - Filing Requirements; Excess Rates on Specific Risks.

500.2414 Filing requirements; excess rates on specific risks. 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. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1970, Act 180, Imd. Eff. Aug. 3, 1970 Popular Name: Act 218
MI Comp L § 500.2416 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2416 - Disapproval of Filing; Notice; Waiting Period.

500.2416 Disapproval of filing; notice; waiting period. 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 written notice of disapproval of such filing specifying therein what respects he finds such filing fails to meet the requirements of this chapter and stating that such filing shall not become effective.  (2) If within 30 days after a special surety or guaranty filing subject to subsection (3) of section 2408 has become effective, the commissioner finds that such filing does not meet the requirements of this chapter, he shall send to the insurer or rating organization which made such filing written notice of disapproval of such filing specifying therein in what respects he finds that such filing fails to meet the requirements of this chapter and stating when, within a reasonable period thereafter, such filing shall be deemed no longer effective. Said disapproval shall not affect any contract made or issued prior to the expiration of the period set forth in said notice.  History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.2418 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2418 - Disapproval of Filing After Approval; Hearing; Notice; Procedure.

500.2418 Disapproval of filing after approval; hearing; notice; procedure.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 health care corporation reform act, 1980 PA 350, MCL 550.1101 to 550.1704, the commissioner finds that a filing does not meet the requirements of this chapter, the commissioner shall, after a hearing held upon not less than 10 days' written notice, specifying the matters to be considered at the hearing, to every insurer and rating organization that made the filing, issue an order specifying in what respects the commissioner finds that the filing fails to meet the requirements of this chapter, and stating for a filing that has gone into effect when, within a reasonable period thereafter, that filing shall be considered no longer effective. A copy of the order shall be sent to every insurer and rating organization subject to the order. The order shall not affect any contract or policy made or issued before the date the filing becomes ineffective as indicated in the commissioner's order. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1993, Act 200, Eff. Dec. 28, 1994 ;-- Am. 2008, Act 241, Imd. Eff. July 17, 2008 Compiler's Notes: Section 3 of Act 200 of 1993 provides as follows:“Section 3. This amendatory act shall not take effect unless the state administrative board certifies in writing to the secretary of state by December 31, 1994 that an agreement for the transfer of all or substantially all of the assets and the assumption of all or substantially all of the liabilities of the state accident fund has been consummated with a permitted transferee pursuant to the requirements of section 701a of the worker's disability compensation act of 1969, Act No. 317 of the Public Acts of 1969, being section 418.701a of the Michigan Compiled Laws.”Popular Name: Act 218
MI Comp L § 500.2419 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|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.

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. 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 representative of the insurer.   (2) Upon receipt of a written request by the insured, the insurer shall provide within 30 days of the receipt of the request reserve and redemption information with regard to worker's compensation insurance which is pertinent to the premiums charged for that insurance.  (3) If a meeting between the insured and the management representative of the insurer under subsection (1) fails to resolve the dispute, the insured shall be entitled to a determination of the dispute by the commissioner. The commissioner shall promulgate rules pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of the Michigan Compiled Laws, establishing procedures for a determination under this subsection. The procedures shall provide for determinations to be made on a timely and informal basis.  (4) Upon written request of an insured, an insurer shall not redeem a worker's compensation claim without giving 10 business days' prior notice to the insured by first class mail, return receipt requested. History: Add. 1982, Act 7, Eff. Jan. 1, 1983 Popular Name: Act 218Admin Rule: R 500.1351 et seq. of the Michigan Administrative Code.
MI Comp L § 500.2421 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2421 - Insurer Authorized to Write Worker's Compensation Insurance; Prohibited Acts.

500.2421 Insurer authorized to write worker's compensation insurance; prohibited acts. 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, rules, or forms filed on its behalf with regard to worker's compensation insurance in this state by a rating organization.  (b) Except as necessary to operate the residual market under chapter 23, agree with any other insurer or with an advisory organization to adhere to or use any rate, rating plan, rating schedule, rating rule, or underwriting rule with regard to worker's compensation insurance in this state.  (c) Make any agreement with any other insurer, advisory organization, or any other person which has the purpose or effect of restraining trade or of substantially lessening competition with regard to worker's compensation insurance in this state.  History: Add. 1982, Act 7, Eff. Jan. 1, 1983 Popular Name: Act 218
MI Comp L § 500.2426 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)|Section 500.2426 - Manual of Classifications, Rules and Rating Plans; Rates Meeting Standards.

500.2426 Manual of classifications, rules and rating plans; rates meeting standards. 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 thereby produced meet the requirements of section 2403 (1) (d) (rate standards). History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218