Sec. 2642.
(1) Any rating organization may provide for the examination of policies, daily reports, binders, renewal certificates, endorsements or other evidences of insurance, or the cancellation thereof, and may make reasonable rules governing their submission. Such rules shall contain a provision for the notification of the insurer and the agent involved of any error or omission in the matters examined, and shall also contain a provision that in the event any insurer does not within 60 days furnish satisfactory evidence to the rating organization of the correction of any error or omission previously called to its attention by the rating organization, it shall be the duty of the rating organization to notify the commissioner thereof. All information so submitted for examination shall be confidential.
(2) Any rating organization may subscribe for or purchase actuarial, technical or other services, and such services shall be available to all members and subscribers without discrimination.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-26 - Chapter 26 Fire and Inland Marine Rates (500.2600...500.2674)
Section 500.2600 - Purpose of Chapter; Construction.
Section 500.2601 - Scope of Chapter.
Section 500.2603 - Rate-Making Provisions; Uniformity.
Section 500.2604 - Expired. 1980, Act 461, Eff. Dec. 31, 1980.
Section 500.2610 - Filing Requirements; Modification or Suspension by Insurance Commissioner.
Section 500.2612 - Rate Filings; Adherence by Insurer.
Section 500.2614 - Rate Organization; Excess Rates on Specific Risks.
Section 500.2618 - Failure of Filing to Meet Requirements; Procedure.
Section 500.2630 - Rating Organization; License Application, Contents.
Section 500.2646 - Rating Organizations; Deviation, Procedure, Termination of Deviation.
Section 500.2648 - Rating Organizations; Alternative Methods for Deviation.
Section 500.2650 - Rating Organizations; Member or Subscriber, Appeal to Insurance Commissioner.
Section 500.2652 - Rating Organization and Insurer; Rating Information to Insured, Hearing; Appeal.
Section 500.2658 - Joint Underwriting or Reinsurance; Unfair Activities.
Section 500.2662 - Examination of Rating Advisory Organizations; Report.
Section 500.2664 - Statistical Plans; Exchange of Data, Consultation.
Section 500.2666 - Withholding Information, False or Misleading Information; Penalties.
Section 500.2674 - Insurance Commissioner; Regulatory Powers.