Section 500.2020 - Unfair methods of competition or deception; unfair discrimination in accident or health insurance.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2020 Unfair methods of competition or deception; unfair discrimination in accident or health insurance.
Sec. 2020.
The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance:
Making or permitting any unfair discrimination between individuals of the same class and of essentially the same hazard in the amount of premium, membership, or policy fees, or rates charged for any policy or contract of accident or health insurance applicable to individual or family expense coverage or in the benefits payable thereunder, or in any of the terms or conditions of such contract, or in any other manner whatever.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218