reglab/housing_qa huggingface dataset:
MI Comp L § 500.2151 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2151 - Definitions.

500.2151 Definitions.Sec. 2151.  As used in this chapter:  (a) "Adverse action" means an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of, any personal insurance, existing or applied for.  (b) "Consumer reporting agency" means any person that, for monetary fees or dues or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties.  (c) "Credit information" means any credit-related information derived from a credit report, found on a credit report itself, or provided on an application for personal insurance. Information that is not credit-related must not be considered credit information, regardless of whether it is contained in a credit report or in an application, or is used to calculate an insurance score.  (d) "Credit report" means any written, oral, or other communication of information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, or credit capacity that is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in the rating of personal insurance.  (e) "Credit score" means the numerical score ranging from 300 to 850 assigned by a consumer reporting agency to measure credit risk and includes FICO credit score.  (f) "Insurance score" means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of an individual applicant or insured.  (g) "Personal insurance" means property/casualty insurance written for personal, family, or household use, including automobile, home, motorcycle, mobile home, noncommercial dwelling fire, boat, personal watercraft, snowmobile, and recreational vehicle, whether written on an individual, group, franchise, blanket policy, or similar basis. History: Add. 2012, Act 165, Eff. Mar. 28, 2013 ;-- Am. 2019, Act 21, Imd. Eff. June 11, 2019 Popular Name: Act 218
MI Comp L § 500.2154 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2154 - Reasonable Exceptions.

500.2154 Reasonable exceptions.Sec. 2154.  (1) Notwithstanding any other law, rule, or regulation, an insurer that uses credit information shall, on written request from an insured or insurance applicant, provide reasonable exceptions to the application of that credit information on the insurer's rates, rating classifications, or company or tier placement for an insured or insurance applicant who has experienced and whose credit information has been directly influenced by any of the following events:  (a) Catastrophic event, as declared by the federal or state government.  (b) Serious illness or injury, or serious illness or injury to an immediate family member.  (c) Death of a spouse, child, or parent.  (d) Divorce or involuntary interruption of legally owed alimony or support payments.  (e) Identity theft.  (f) Temporary loss of employment for a period of 3 months or more, if it results from involuntary termination.  (g) Military deployment overseas.  (h) Predatory lending resulting in the foreclosure of, or commencement of proceedings or an action to foreclose, a mortgage of real property owned by the insured or insurance applicant.  (i) Other events, as determined by the insurer.  (2) If an insured or insurance applicant submits a request for an exception under subsection (1), an insurer may, but is not required to do, any of the following:  (a) Require a reasonable written and independently verifiable documentation of the event.  (b) Require the insured or insurance applicant to demonstrate that the event had direct and meaningful impact on the insured's or insurance applicant's credit information.  (c) Require a request to be made no more than 60 days from the date of the application for insurance or the policy renewal.  (d) Grant an exception even if the insured or insurance applicant did not provide an initial request for an exception in writing.  (e) Grant an exception where the insured or insurance applicant asks for consideration of repeated events or the insurer has considered this event previously.  (3) A law, rule, or regulation relating to underwriting, rating, or rate filing is not violated by any insurer as a result of granting an exception under this section.  (4) The insurer shall provide notice to insureds and insurance applicants that reasonable exceptions are available and information about how to inquire further.  (5) Within 30 days of the insurer's receipt of sufficient documentation of an event described in subsection (1), the insurer shall inform the insured or insurance applicant of the outcome of his or her request for a reasonable exception. This communication shall be in writing or provided in the same medium as the request for a reasonable exception. History: Add. 2012, Act 207, Eff. Mar. 28, 2013 Popular Name: Act 218
MI Comp L § 500.2156 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2156 - Notice of Adverse Action.

500.2156 Notice of adverse action.Sec. 2156.  If an insurer takes an adverse action based upon credit information, the insurer shall notify the insured or applicant for insurance in accordance with 15 USC 1681m(a), that an adverse action has been taken. The insurer shall provide notice in clear and specific language of the reasons for the adverse action, including a description of all factors that were the primary or most significant influences for the adverse action and the insured's or the applicant's insurance score if not otherwise provided. However, not more than 4 factors for the adverse action need to be given. The use of generalized terms such as "poor credit history", "poor credit rating", or "poor insurance score" does not meet the description requirements of this section. Standardized credit explanations provided by consumer reporting agencies or other third party vendors meet the description requirements of this section. History: Add. 2012, Act 206, Eff. Mar. 28, 2013 Popular Name: Act 218
MI Comp L § 500.2157 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2157 - Incorrect or Incomplete Credit Information; Adjustments.

500.2157 Incorrect or incomplete credit information; adjustments.Sec. 2157.  If it is determined through the dispute resolution process set forth in 15 USC 1681i(a) that the credit information of a current insured was incorrect or incomplete and if the insurer receives notice of this determination from either the consumer reporting agency or from the insured, the insurer shall reevaluate the insured within 30 days of receiving the notice. After reevaluating the insured, the insurer shall make any adjustments necessary, consistent with this act and the insurer's underwriting, rating guidelines, and premium discount plan. If an insurer determines that the insured has overpaid premium, the insurer shall refund to the insured the amount of overpayment calculated back to the shorter of either the last 12 months of coverage or the actual policy period. History: Add. 2012, Act 208, Eff. Mar. 28, 2013 Popular Name: Act 218
MI Comp L § 500.2159 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2159 - Cause of Action; Construction of Chapter.

500.2159 Cause of action; construction of chapter.Sec. 2159.  Nothing in this chapter shall be construed to provide an insured or applicant for insurance with a cause of action that does not exist in the absence of this chapter. History: Add. 2012, Act 205, Eff. Mar. 28, 2013 Popular Name: Act 218
MI Comp L § 500.2161 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2161 - Use of Credit Information or Insurance Scores; Liability, Fees, and Costs Arising Out of Actions, Errors, or Omissions.

500.2161 Use of credit information or insurance scores; liability, fees, and costs arising out of actions, errors, or omissions.Sec. 2161.  An insurer shall indemnify, defend, and hold harmless producers from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer resulting from the use of credit information or insurance scores for the insurer, provided that the producer follows the procedures and instructions established by the insurer and complies with all applicable laws and regulations. History: Add. 2012, Act 205, Eff. Mar. 28, 2013 Popular Name: Act 218
MI Comp L § 500.2162 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-21A - Chapter 21a Credit Information and Credit Scores (500.2151...500.2162)|Section 500.2162 - Use of Credit Score to Establish Rates or Rating Classification for Automobile Insurance; Prohibition.

500.2162 Use of credit score to establish rates or rating classification for automobile insurance; prohibition.Sec. 2162.  An insurer shall not use an individual's credit score to establish or maintain rates or rating classifications for automobile insurance. History: Add. 2019, Act 21, Imd. Eff. June 11, 2019 Popular Name: Act 218
MI Comp L § 500.2204 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2204 - Settlement of Action Brought by Third Party Against Person Insured Under Commercial Liability Insurance Policy; Notice to Insured Required.

500.2204 Settlement of action brought by third party against person insured under commercial liability insurance policy; notice to insured required. Sec. 2204.  Prior to a trial, an insurer shall not settle an action brought by a third party against a person insured under a commercial liability insurance policy issued by the insurer, unless the insurer gives the insured notice of the settlement at least 10 days prior to the settlement. 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 § 500.2205 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2205 - Minor's Contracts for Insurance.

500.2205 Minor's contracts for insurance.  Sec. 2205.  A contract for life or disability insurance made by a person between the ages of 16 and 18 years for his benefit, or for the benefit of his father, mother, husband, wife, child, brother or sister, or for the surrender of the insurance, or for the discharge of money payable or benefit accruing thereunder, shall be good and of the same force and effect as though the minor had attained his majority at the time of making the contract. This section shall not have the effect of making a promissory note or other evidence of indebtedness given by a minor in payment of premium or premiums on contracts for insurance valid, either in the hands of the original owner or a subsequent purchaser thereof. History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1972, Act 47, Imd. Eff. Feb. 19, 1972 Popular Name: Act 218
MI Comp L § 500.2206 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2206 - Repealed. 2014, Act 140, Eff. Mar. 31, 2015.

500.2206 Repealed. 2014, Act 140, Eff. Mar. 31, 2015. Compiler's Notes: The repealed section pertained to minor's capacity to receive insurance benefits.
MI Comp L § 500.2209 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2209 - Insurable Interest; Married Woman; Right to Proceeds, Devise.

500.2209 Insurable interest; married woman; right to proceeds, devise. Sec. 2209.  (1) It shall be lawful for any married woman, by herself, and in her name or in the name of any third person, with his assent, as her trustee, to cause to be insured for her sole use, the life of her husband or the life of any other person, in any life insurance company of any nature whatever, located in either of the states of the United States of America or in Great Britain, for any definite period, or for the term of his natural life; and in case of her surviving her husband, or such other person insured in her behalf, the sum or net amount of the policy of insurance due and payable by the terms of the insurance, shall be payable to her, to and for her own use, free from the claims of the representatives of her husband, or of such other person insured, or of any of his creditors, but such exemption shall not apply where the amount of premium annually paid shall exceed the sum of $300.00.  (2) In case of the death of the wife before the decease of her husband, or of such other person insured, the amount of the insurance may be made payable after her death to her children, for their use, and to their guardian, if under age, or the amount of the policy may be disposed of by such married woman by a last will and testament. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
MI Comp L § 500.2210 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2210 - Definitions; Insurable Interest; Employer; Trust; Exemption From Claims.

500.2210 Definitions; insurable interest; employer; trust; exemption from claims. Sec. 2210.  (1) As used in this section:  (a) "Employee benefit plan" means that term as defined by the employee retirement income security act of 1974, Public Law 93-406, 88 Stat. 829.  (b) "Employer" means an individual, sole proprietorship, partnership, firm, corporation, association, or any other legal entity, which has 1 or more employees and is legally doing business in this state.  (c) "Trust" means a trust established by an employer.   (2) Notwithstanding any other section of this act, an employer or a trust has an insurable interest in, and may, with the written consent of the insured, insure on an individual or group basis for its benefit the lives of the employer's directors, officers, managers, nonmanagement employees, and retired employees. An employer or a trust may insure the lives of the employer's nonmanagement employees and its retired employees only if those persons give written consent to be insured and the coverage is limited to an amount reasonably commensurate with the employer's projected unfunded liabilities to nonmanagement and retired employees for employee benefit plans, calculated according to accepted actuarial principles. An employer shall not retaliate in any manner against an employee or a retired employee for refusing consent to be insured.  (3) Notwithstanding any other section of this act, a trust maintained for the purpose of providing for the cost of benefits under an employee benefit plan maintained for employees or retired employees has an insurable interest in, and may, with the acquiescence of the insured, insure on an individual or group basis for its benefit the lives of the employer's directors, officers, managers, nonmanagement employees, and retired employees. A trust may insure the life of a nonmanagement employee and a retired employee only if that person is given written notice of the coverage, he or she has not notified either the employer or the trust in writing that he or she does not want to be insured for the coverage, and the coverage is limited to an amount reasonably commensurate with the employer's projected unfunded liabilities to nonmanagement and retired employees for employee benefit plans, calculated according to accepted actuarial principles. An employer or a trust shall not retaliate in any manner against an employee or a retired employee for providing the written notice that he or she does not want to be insured for the coverage.  (4) The proceeds of any policy or certificate issued pursuant to subsection (2) or (3) are exempt from the claims of any creditor or dependent of the insured. History: Add. 1990, Act 349, Eff. Mar. 28, 1991 ;-- Am. 1994, Act 227, Imd. Eff. June 27, 1994 ;-- Am. 1998, Act 222, Imd. Eff. July 1, 1998 Popular Name: Act 218
MI Comp L § 500.2210a (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2210a - Trustee Having Insurable Interest Under MCL 700.7114.

500.2210a Trustee having insurable interest under MCL 700.7114.Sec. 2210a.  A trustee of a trust has an insurable interest in the life of an individual as provided in section 7114 of the estates and protected individuals code, 1998 PA 386, MCL 700.7114. History: Add. 2014, Act 7, Imd. Eff. Feb. 11, 2014 Popular Name: Act 218
MI Comp L § 500.2211 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2211 - Consent of Insured.

500.2211 Consent of insured. Sec. 2211.  (1) Any individual who has an insurable interest in the life of another human being shall not insure that other human being's life for the individual's benefit unless the human being whose life is to be insured consents to be insured in writing. That person's signature on the application for insurance constitutes consent.   (2) This section applies to life insurance policies and certificates of $10,000.00 or more delivered or issued for delivery in this state on and after 30 days after the effective date of this section. This section does not apply if the human being whose life is to be insured is less than 18 years of age. History: Add. 1998, Act 91, Imd. Eff. May 14, 1998 Popular Name: Act 218
MI Comp L § 500.2212 (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2212 - Insurable Interest in Life of Individual.

500.2212 Insurable interest in life of individual. Sec. 2212.  Notwithstanding any other section of this act, an organization described in and qualified under section 501(c)(3) of the internal revenue code of 1986, 26 U.S.C. 501, has an insurable interest in the life of an individual who gives written consent to the ownership or purchase of a policy on his or her life. History: Add. 1996, Act 572, Imd. Eff. Jan. 16, 1997 Popular Name: Act 218
MI Comp L § 500.2212d (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2212d - National or Regional Certification of Physician; Condition of Payment or Reimbursement by Insurer or Health Maintenance Organization; Prohibited.

500.2212d National or regional certification of physician; condition of payment or reimbursement by insurer or health maintenance organization; prohibited.Sec. 2212d.  An insurer that delivers, issues for delivery, or renews in this state a health insurance policy issued under chapter 34 or a health maintenance organization that issues a health maintenance contract under chapter 35 shall not require as the sole condition precedent to the payment or reimbursement of a claim under the policy or contract that an allopathic or osteopathic physician in the medical specialties of family practice, internal medicine, or pediatrics maintain a national or regional certification not otherwise specifically required for licensure under article 15 of the public health code, 1978 PA 368, MCL 333.16101 to 333.18838. History: Add. 2018, Act 487, Imd. Eff. Dec. 27, 2018 Popular Name: Act 218
MI Comp L § 500.2213a (2021)
2021 Michigan Compiled Laws|Chapter 500 - Insurance Code of 1956|Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)|218-1956-22 - Chapter 22 the Insurance Contract (500.2204...500.2266)|Section 500.2213a - Expenses Incurred by Director; Calculation; Assessment; "Insurer" Defined.

500.2213a Expenses incurred by director; calculation; assessment; "insurer" defined.Sec. 2213a.  (1) The director shall calculate actual and necessary expenses incurred by the director under section 2213 by June 30 of each year for the immediately preceding fiscal year. Except as otherwise provided in subsection (2), the director shall divide these expenses among all insurers that issue a policy or certificate under chapter 34 or 35 in this state on a pro rata basis according to the direct written premiums of each insurer as reported in the insurer's annual statement for the immediately preceding calendar year. An insurer shall pay the assessment within 30 days after receipt of the assessment. The assessment is in addition to the regulatory fee provided for in section 224.  (2) This section does not apply to a policy, certificate, care, coverage, or insurance listed in section 5(2) of the patient's right to independent review act, 2000 PA 251, MCL 550.1905, as not being subject to the patient's right to independent review act, 2000 PA 251, MCL 550.1901 to 550.1929.  (3) As used in this section, "insurer" includes a nonprofit dental care corporation operating under 1963 PA 125, MCL 550.351 to 550.373. History: Add. 1996, Act 517, Eff. Oct. 1, 1997 ;-- Am. 2002, Act 707, Imd. Eff. Dec. 30, 2002 ;-- Am. 2016, Act 276, Imd. Eff. July 1, 2016 Popular Name: Act 218