Michigan Laws 550.613 – Papers filed with commissioner of issuing state; disapproval
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Terms Used In Michigan Laws 550.613
- Commissioner: means state insurance commissioner. See Michigan Laws 550.603
The commissioner within 30 days after the filing of all policies, certificates of insurance, notices of proposed insurance, applications for insurance, binders, endorsements and riders, in addition to other requirements of law, may disapprove any such form if the benefits provided therein are not reasonable in relation to the premium charge or if it contains provisions which are unjust, unfair, inequitable, misleading, deceptive or encourage misrepresentation of such policy.