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.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
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.
Sec. 2021.
An unfair method of competition and an unfair or deceptive act or practice in the business of insurance includes failure by a rating organization and an insurer which makes its own rates, within a reasonable time after receiving written request therefor and upon payment of such reasonable charge as it may make, to furnish to any insured affected by a rate made by it, or to the authorized representative of such insured, all pertinent information to such rate.
History: Add. 1982, Act 7, Eff. Jan. 1, 1983
Popular Name: Act 218