Michigan Compiled Laws
218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)
Section 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

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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)

218-1956-24 - Chapter 24 Casualty Insurance Rates (500.2400...500.2484)

Section 500.2400 - Purposes and Interpretation of Chapter.

Section 500.2400a - Repealed. 1993, Act 200, Eff. Dec. 28, 1994.

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.

Section 500.2402 - Definitions; Data Collection Agency; Creation; Purpose; Governing Board; Appointment, Terms, and Qualifications of Members; Conduct of Business at Public Meeting.

Section 500.2403 - Rate-Making Provisions; Uniformity Among Insurers.

Section 500.2404 - Secondary or Merit Rating Plan for Commercial Liability Insurance Rates; Rating Plan for Medical Malpractice Insurance; Limitations; “Commercial Liability Insurance” Defined.

Section 500.2405 - Liquor Liability Insurance Policies; Server Training Discount Plan; Certified Server Training Course.

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 I...

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 Reportin...

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.

Section 500.2409 - Repealed. 2016, Act 101, Eff. Aug. 1, 2016.

Section 500.2409a - Repealed. 2016, Act 101, Eff. Aug. 1, 2016.

Section 500.2409b - Repealed. 2016, Act 104, Eff. Aug. 1, 2016.

Section 500.2409c - Repealed. 2016, Act 99, Eff. Aug. 1, 2016.

Section 500.2410 - Filing Requirements; Modification or Suspension by Insurance Commissioner.

Section 500.2411 - Rates and Rating Systems; Classifications; Merit Rating Plan; Use of Single Enterprise Rule or Similar Rule Prohibited.

Section 500.2412 - Filing Requirements; Adherence by Insurer.

Section 500.2414 - Filing Requirements; Excess Rates on Specific Risks.

Section 500.2416 - Disapproval of Filing; Notice; Waiting Period.

Section 500.2418 - Disapproval of Filing After Approval; Hearing; Notice; Procedure.

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;...

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; Prohib...

Section 500.2421 - Insurer Authorized to Write Worker's Compensation Insurance; Prohibited Acts.

Section 500.2426 - Manual of Classifications, Rules and Rating Plans; Rates Meeting Standards.

Section 500.2430 - Manual of Classifications; Rules and Rating Plans; Alternative Filing; Effective Date; Hearing; Order of Disapproval; Adjustment of Premium; Review of Filing.

Section 500.2431 - Group Rated Automobile Insurance; MCL 500.2430 Inapplicable.

Section 500.2434 - Malpractice Insurance for Physicians; Rating Classifications; Furnishing Classifications to Legislature and Governor.

Section 500.2436 - Application for License as Rating Organization; Issuance of License by Commissioner; Fee; Duration; Notification of Changes.

Section 500.2438 - Rating Organizations; Subscribers; Notice of Changes in Rules; Furnishing of Service Without Discrimination; Review; Order.

Section 500.2440 - Rating Organizations; Rules Affecting Payment of Dividends, Savings or Unabsorbed Premium.

Section 500.2446 - Rating Organizations; Cooperation With Other Rating Organizations and Insurers, Discontinuance.

Section 500.2450 - Rating Organizations; Deviation From Filings, Procedure, Termination of Deviation.

Section 500.2452 - Rating Organizations; Alternative Deviation, Without Waiting Period, Procedure, Termination of Deviation.

Section 500.2456 - Rating Organizations; Subscriber Appeal to Insurance Commissioner From Action by Organization.

Section 500.2458 - Furnishing Information as to Rates; Hearings for Persons Aggrieved by Rating System; Appeal; Representation.

Section 500.2462 - Advisory Organizations; Definition; Filing; Discontinuance of Unfair or Unreasonable Practices; Rate Filings; Violation.

Section 500.2464 - Joint Underwriting or Reinsurance; Unfair Activities.

Section 500.2468 - Examination of Rating Organizations; Report.

Section 500.2472 - Statistical Plans; Exchange of Data, Consultation.

Section 500.2474 - Prohibited Acts; Violation; Penalties.

Section 500.2475 - Policy Forms and Statistical Plans for Worker's Compensation Insurance; Continuation.

Section 500.2476 - Assigned Risks; Rate Modifications.

Section 500.2477 - Repealed. 2016, Act 102, Eff. Aug. 1, 2016.

Section 500.2477a - Repealed. 2016, Act 102, Eff. Aug. 1, 2016.

Section 500.2477b - Repealed. 2016, Act 102, Eff. Aug. 1, 2016.

Section 500.2477c - Repealed. 2016, Act 102, Eff. Aug. 1, 2016.

Section 500.2477d - Repealed. 2016, Act 98, Eff. Aug. 1, 2016.

Section 500.2478 - Violation of Chapter; Imposition and Disposition of Civil Fine; Suspension or Revocation of License.

Section 500.2482 - Insurer or Rating Organization Aggrieved by Order Without Hearing; Hearing, Court Review.

Section 500.2484 - Insurance Commissioner; Regulatory Powers.