Sec. 2648.
(1) In lieu of the requirements of section 2646 for deviation and as an alternative method for deviation every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that any such insurer may make application to the commissioner to file a deviation from the class rates, schedules, rating plans or rules respecting any kind of insurance, or class of risk within a kind of insurance, or combination thereof. Such application shall specify the basis for the modification and a copy shall also be sent simultaneously to such rating organization. Every such application shall become effective immediately as of the date filed with the commissioner. In considering the application to file such deviation the commissioner shall give consideration to the available statistics and the principles for rate making provided in section 2603. The commissioner shall issue an order approving of the deviation as filed if he finds it meets the requirements of section 2603. If the commissioner finds that the deviation does not comply with the requirements of this chapter, he may issue an order determining wherein and to what extent such proposal is deemed to be improper and fixing a date thereafter, within a reasonable time, after which such deviation shall no longer be effective. Any order of disapproval under this section must be entered within 30 days of the date the application for the deviation affected is filed with the commissioner. If such deviation shall be disapproved, the insuring provisions of any contract or policy issued prior to the time the order becomes effective shall not be affected. But if the commissioner disapproves such deviation as not being in compliance with section 2603, he may order an adjustment of the premium to be made with the policyholder either by refund or collection of additional premium, if the amount is substantial and equals or exceeds the cost of making the adjustment.
(2) Each deviation filed and so approved shall remain in effect for a period of not less than 1 year from the effective date unless sooner withdrawn by the insurer with the approval of the commissioner or until terminated in accordance with the provisions of sections 2618 or 2620.
History: Add. 1969, Act 346, Eff. Apr. 1, 1970 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.