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2017 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 500.2434 Malpractice insurance for physicians; rating classifications; furnishing classifications to legislature and governor.
Universal Citation: MI Comp L § 500.2434 (2017)
500.2434 Malpractice insurance for physicians; rating classifications; furnishing classifications to legislature and governor.
Sec. 2434.
(1) The commissioner, after consultation with associations representative of physician interests and with authorized insurers writing malpractice insurance for physicians in this state shall prescribe the rating classifications for use by insurers in writing malpractice insurance for physicians.
(2) Before 1 year after the effective date of chapter 49 and before implementing the rating classifications prescribed pursuant to subsection (1), the commissioner shall furnish to the legislature and the governor the rating classifications which he or she intends to prescribe pursuant to this section.
History: Add. 1986, Act 173, Imd. Eff. July 7, 1986
Popular Name: Act 218
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