Section 500.2650 - Rating organizations; member or subscriber, appeal to insurance commissioner.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2650 Rating organizations; member or subscriber, appeal to insurance commissioner.
Sec. 2650.
Any member of or subscriber to a rating organization may appeal to the commissioner from the action or decision of such rating organization in approving or rejecting any proposed change in or addition to the filings of such rating organization. The commissioner shall, after a hearing held upon not less than 10 days' written notice to the appellant and to such rating organization, issue an order approving the action or decision of such rating organization or directing it to give further consideration to such proposal, or, if such appeal is from the action or decision of the rating organization in rejecting a proposed addition to its filings, he may, in the event he finds that such action or decision was unreasonable, issue an order directing the rating organization to make an addition to its filings, on behalf of its members and subscribers, in a manner consistent with his findings, within a reasonable time after the issuance of such order.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218