Michigan Compiled Laws
218-1956-20 - Chapter 20 Unfair and Prohibited Trade Practices and Frauds (500.2001...500.2093)
Section 500.2025 - Unfair Methods of Competition or Deception; Exclusions From Discrimination, Rebates.

Sec. 2025.
Nothing in sections 2017 through 2024 shall be construed as including within the definition of discrimination or rebates any of the following practices:
(1) In the case of any contract of life insurance or life annuity, paying bonuses to policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated from non-participating insurance: Provided, That any such bonuses or abatement of premiums shall be fair and equitable to policyholders and for the best interest of the company and its policyholders;
(2) In the case of life insurance policies issued on the industrial debit plan, making allowance to policyholders who have continuously for a specified period made premium payments directly to an office of the insurer in an amount which fairly represents the saving in collection expense;
(3) Readjustment of the rate of premium for a group insurance policy based on the loss or expense experience thereunder, at the end of the first or any subsequent policy year of insurance thereunder, which may be made retroactive only for such policy year.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)

218-1956-20 - Chapter 20 Unfair and Prohibited Trade Practices and Frauds (500.2001...500.2093)

Section 500.2001 - Short Title.

Section 500.2002 - Purpose of Act.

Section 500.2003 - Prohibited Trade Practices; "Person" Defined.

Section 500.2005 - Misrepresentations.

Section 500.2005a - Unfair Method of Competition; Unfair or Deceptive Act or Practice.

Section 500.2006 - Payment of Benefits on Timely Basis; Payment of Interest in Alternative; Failure to Pay Claims or Interest as Unfair Trade Practice; Liability for Claim Pursuant to Judgment; Proof of Loss; Inability to Pay Claim; Interest Requirem...

Section 500.2007 - Unfair Methods of Competition or Deception; False, Deceptive or Misleading Advertising.

Section 500.2008 - Audit of Insured's Payroll Expenditures; Purpose; Request; Failure to Complete Payroll Audit or Final Audit as Unfair or Deceptive Act or Practice; Failure to Pay Premium Adjustment or Dividend on Timely Basis as Unfair or Deceptiv...

Section 500.2009 - False, Maliciously Critical, or Derogatory Statement as to Financial Condition.

Section 500.2010 - Unfair Method of Competition; Unfair or Deceptive Act or Practice.

Section 500.2011 - Unfair Methods of Competition; Unfair or Deceptive Acts or Practices.

Section 500.2012 - Unfair Methods of Competition or Deception; Combinations in Restraint of Trade.

Section 500.2013 - Violation of Chapter or Rule; Effect.

Section 500.2013a - Failure to Comply With MCL 500.3107e; Unfair Practice; Applicability to Other Rights.

Section 500.2014 - False Material Statement of Financial Condition; False Entry or Omission of True Entry in Book, Report, or Statement.

Section 500.2015 - Repealed. 1976, Act 273, Eff. Apr. 1, 1977.

Section 500.2016 - Unfair Methods of Competition and Unfair and Deceptive Acts or Practices in Business of Insurance; Applicability of Section.

Section 500.2017 - Unfair Methods of Competition or Deception; Illegal Inducements.

Section 500.2018 - False or Fraudulent Statements or Representations as to Application for Insurance Policy.

Section 500.2019 - Unfair Methods of Competition or Deception; Unfair Discrimination in Life Insurance.

Section 500.2020 - Unfair Methods of Competition or Deception; Unfair Discrimination in Accident or Health Insurance.

Section 500.2021 - Failure to Furnish Insured Rate Information Upon Request; Unfair Method of Competition and Unfair or Deceptive Act or Practice in Business of Insurance; Exception.

Section 500.2022 - Repealed. 1976, Act 273, Eff. Apr. 1, 1977.

Section 500.2023 - Automatic Insurance on Debtor Contracting Credit.

Section 500.2024 - Unfair Methods of Competition or Deception; Rebates and Special Inducements.

Section 500.2024a - Giving Merchandise to Applicants for Life Insurance.

Section 500.2024b - Construction of MCL 500.2024, 500.2066, and 500.2070.

Section 500.2025 - Unfair Methods of Competition or Deception; Exclusions From Discrimination, Rebates.

Section 500.2026 - Course of Conduct Indicating Persistent Tendency to Engage in That Type of Conduct.

Section 500.2027 - Unfair Methods of Competition and Unfair or Deceptive Acts or Practices; Prohibited Conduct.

Section 500.2028 - Examination; Investigation.

Section 500.2029 - Notice of Hearing; Opportunity to Confer; Summary Disposition.

Section 500.2030 - Hearing; Procedure; Intervention; Burden of Proof; Commissioner or Designate to Preside; Independent Hearing Officer; Peremptory Dismissal.

Section 500.2032 - Unfair Methods of Competition or Deception; Hearing; Oaths; Witnesses; Evidence; Subpoenas; Contempt of Court; Stenographic Record; Statement of Evidence.

Section 500.2033 - Hearing; Directing Witness to Give Testimony or Produce Evidence; Immunity; Perjury; Waiver of Immunity or Privilege.

Section 500.2034 - Unfair Methods of Competition or Deception; Service of Notices, Process and Other Papers, Return.

Section 500.2038 - Findings and Decision to Be in Writing; Cease and Desist Order; Other Orders; Stay; Modification or Setting Aside of Order.

Section 500.2039 - Finality of Order.

Section 500.2040 - Violation of Cease and Desist Order; Penalty; Stay; Contents of Cease and Desist Order.

Section 500.2041 - Unfair Methods of Competition or Deception; Court Review of Orders, Findings of Fact Conclusive, Modification; Additional Evidence.

Section 500.2043 - Unfair Methods of Competition or Deception; Procedure to Enjoin, Jurisdiction of Circuit Court; Filing Petition; Additional Evidence; Modification of Findings; Issuance of Injunction; Preliminary Notice; Application for Trade Confe...

Section 500.2045 - Unfair Methods of Competition or Deception; Court Review on Petition of Intervenor.

Section 500.2047 - Trade Practice Conferences; Authorization by Insurance Commissioner; Purpose; Notice; Scope; Recommendation; Rules, Regulations, or Standards; Construction of Section.

Section 500.2049 - Unfair Methods of Competition or Deception; Liability Under Other State Laws.

Section 500.2050 - Construction of Chapter.

Section 500.2055 - Misrepresentation of Insurer's Financial Condition as Misdemeanor; Penalty; Civil Liability of Officers and Agents; Forfeiture of Chartered Privileges; Publication of True Statement; Other Violations as Misdemeanor; Penalty.

Section 500.2057 - Misrepresentation of Insurer's Identity Prohibited; Advertising by Fire Insurer Not Limited; Violation as Misdemeanor; Penalty.

Section 500.2059 - Maintaining or Operating Office for Transaction of Insurance Business; Using Name of Insurer in Conducting or Advertising Business Not Related to Business of Insurance.

Section 500.2060 - Repealed. 1986, Act 253, Eff. Dec. 31, 1987.

Section 500.2062 - False Reports; Forfeiture of Franchise or Right to Do Business; Violation by Officers or Agents as Misdemeanor; Penalty.

Section 500.2064 - Misrepresentation of Terms of Policy; Future Benefits or Dividends Prohibited; Illegal Inducements; Violation; Revocation of Certificate or License; Penalties.

Section 500.2066 - Rebates and Illegal Inducements Prohibited; Violation; Revocation of License or Certificate; Penalties.

Section 500.2068 - Revocation of License or Certificate; Notice; Hearing; Order; Review by Supreme Court.

Section 500.2069 - Violation of MCL 500.2064 or 500.2066 as Misdemeanor; Penalty.

Section 500.2070 - Acceptance of Rebate or Illegal Inducement Prohibited; Reduction of Insurance; Penalty.

Section 500.2074 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.

Section 500.2075 - Fire, Marine or Inland Insurer's Contract in Restraint of Competition Prohibited; Acts by Agent Prohibited; Other Prohibitions.

Section 500.2077 - Creditors; Favoritism of Insurer Prohibited; Construction of Section, Violation, Penalty.

Section 500.2078 - Agreements as to Placements of Insurance; Regulations.

Section 500.2080 - Life Insurance, Accident Insurance, Sick or Funeral Benefit Company; Prohibited Conduct With Regard to Mortuary or Undertaking Establishments; Funeral Establishment, Cemetery, or Seller as Limited Life Insurance Producer; Authoriza...

Section 500.2082 - Racial Discrimination by Life Insurers Prohibited; Violation; Penalty.

Section 500.2086 - False Report by Physician as to Life or Casualty Insurance Applicant; Penalty, Civil Liability to Insurer.

Section 500.2088 - False Report by Physician; Claim for Death, Sickness or Disability Benefits, Penalty.

Section 500.2091 - Unlawful Advertising; Notice to Supervisory Official.

Section 500.2092 - Unlawful Advertising; Failure to Cease and Desist, Procedure.

Section 500.2093 - Enforcement of Act Against Foreign or Alien Insurer; Procedure.