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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 500.2476 Assigned risks; rate modifications.
Universal Citation: MI Comp L § 500.2476 (2017)
500.2476 Assigned risks; rate modifications.
Sec. 2476.
Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, such agreements and rate modifications to be subject to the approval of the commissioner.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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