500.2440 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
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/mi/chapter-500/500-2440A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.2440 Rating organizations; rules affecting payment of dividends, savings or unabsorbed premium.
Sec. 2440.
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