Section 500.2318 - Facility; classification and rating systems; determination and use.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2318 Facility; classification and rating systems; determination and use.
Sec. 2318.
(1) The classification and rating systems of the facility shall be determined by the designated advisory organization, subject to the requirements of this chapter and the approval of the commissioner.
(2) Every participating member designated to act on behalf of the facility shall be authorized to use the classification and rating systems of the facility on business placed through the facility and shall not use other rates for worker's compensation insurance placed through the facility.
History: Add. 1982, Act 8, Eff. Jan. 1, 1983
Popular Name: Act 218