Rating Organizations; Rules Affecting Payment of Dividends, Savings or Unabsorbed Premiums.

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 26 Fire and Inland Marine Rates (500.2600...500.2674)
  6. Rating Organizations; Rules Affecting Payment of Dividends, Savings or Unabsorbed Premiums.

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Sec. 2638.

No rating organization shall adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218


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