Section 500.2652 - Rating organizations; rating information to insured, appeal to insurance commissioner.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2652 Rating organizations; rating information to insured, appeal to insurance commissioner.
Sec. 2652.
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 such insured, all pertinent information as to such 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 authorized representative, on his written request to review the manner in which such rating system has been applied in connection with the insurance afforded him. If the rating organization or insurer fails to grant or reject such request within 30 days after it is made, the applicant may proceed in the same manner as if his application had been rejected. Any party affected by the action of such rating organization or such insurer on such request may, within 30 days after written notice of such action, appeal to the commissioner, who, after a hearing held upon not less than 10 days' written notice to the appellant and to such rating organization or insurer, may affirm or reverse such action.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218