There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - CHAPTER 20 UNFAIR AND PROHIBITED TRADE PRACTICES AND FRAUDS (500.2001...500.2093)
Act 218 of 1956 UNFAIR AND PROHIBITED TRADE PRACTICES AND FRAUDS |
Document | Description |
Section 500.2001 | Short title. |
Section 500.2002 | Purpose of act. |
Section 500.2003 | Prohibited trade practices; "person" and "insurance policy" 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 requirements; failure of reinsurer to pay benefits on timely basis; effect of inconsistency with certain acts; exceptions; processing and payment procedures; notices; violations; fines; definitions. |
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 deceptive act or practice; "timely basis" defined; interest; applicability of section. |
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 500.2014 | 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Section 500.2015 | Repealed. 1976, Act 273, Eff.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. |
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 conference. |
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 §§ 500.2064 and 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 agent; authorization to sell associated life insurance policies or annuity contracts; sale of cemetery goods or services or funeral goods or services; advising customers of availability of life insurance; application form; list; statement; sufficiency of death benefit; designation of certain beneficiaries prohibited; money payments required; medical, surgical, or hospital service; conditions and criteria regarding predeath assignment of proceeds of life insurance policy or annuity contract as payment for cemetery or funeral services or goods; false or misleading statements; false, misleading, deceptive, or unfair advertising; rules; protection against certain solicitations; signed statement authorizing release of assignment proceeds; effect of failure to sign authorization statement; conditions to sale or solicitation of sale of life insurance policy or annuity contract with intention of having purchaser assign proceeds; action to enforce compliance; damages; equitable orders; violation as misdemeanor; separate offenses; penalties; creation, administration, and use of funeral consumers education and advocacy fund; life insurance agent associated with funeral establishment, cemetery, or seller; definitions. |
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. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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