Sec. 2009. Unfair methods of competition and unfair or deceptive acts or practices in the business of insurance include the making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting, or encouraging the making, publishing, disseminating, or circulating of an oral or written statement or a pamphlet, circular, article, or literature which is false, or maliciously critical of, or derogatory to the financial condition of a person engaged in the business of insurance, and which is calculated to injure a person engaged in the business of insurance.
Mich. Comp. Laws § 500.2009
False, maliciously critical, or derogatory statement as to financial condition
Applied in 1 court decision — leading case 113 Mich. App. 423 - American Way Service Corp. v. Commissioner of Insurance (1982)
Most recently applied in 113 Mich. App. 423 - American Way Service Corp. v. Commissioner of Insurance (February 1982)
1956, Act 218, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.