Section 500.2458 - Furnishing information as to rates; hearings for persons aggrieved by rating system; appeal; representation.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2458 Furnishing information as to rates; hearings for persons aggrieved by rating system; appeal; representation.
Sec. 2458.
Every rating organization and every insurer which makes its own rates shall, within a reasonable time after receiving written request therefor and upon payment of such reasonable charge as it may make, furnish to any insured affected by a rate made by it, or to the authorized representative of the insured, all pertinent information as to the rate. Every rating organization and every insurer which makes its own rates shall provide within this state reasonable means whereby any person aggrieved by the application of its rating system may be heard, in person or by his or her authorized representative, on his or her written request to review the manner in which the rating system has been applied in connection with the insurance afforded to him or her. If the rating organization or insurer fails to grant or reject the request within 30 days after it is made, the applicant may proceed in the same manner as if his or her application had been rejected. Any party affected by the action of the rating organization or insurer on request may, within 30 days after written notice of the action, appeal to the commissioner, who, after a hearing held upon not less than 10 days' written notice to the appellant and to the rating organization or insurer, may affirm or reverse the action. A person who requests a hearing before the commissioner pursuant to this section may be represented at the hearing by an attorney. A person, other than an individual, that requests a hearing before the commissioner pursuant to this section may also be represented by an officer or employee of that person. An individual who requests a hearing before the commissioner pursuant to this section may also be represented by a relative of the individual.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1988, Act 262, Imd. Eff. July 15, 1988
Popular Name: Act 218