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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 500.2440 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
Universal Citation: MI Comp L § 500.2440 (2017)
500.2440 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
Sec. 2440.
No rating organization shall adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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