Sec. 2021. An unfair method of competition and an unfair or deceptive act or practice in the business of insurance includes failure by a rating organization and an insurer that makes its own rates, within a reasonable time after receiving written request for the information and on payment of a reasonable charge, to furnish to an insured affected by a rate made by it, or to the insured authorized representative, all pertinent information to the rate. Pertinent information under this section does not include information that is a trade secret as determined by the director under section 2108(5) or 2406(6).
Mich. Comp. Laws § 500.2021
Failure to furnish insured rate information upon request; unfair method of competition and unfair or deceptive act or practice in business of insurance; exception
Applied in 1 court decision — leading case Michigan Education Special Services Ass'n v. Commissioner of Insurance (1988)
Most recently applied in Michigan Education Special Services Ass'n v. Commissioner of Insurance (May 1988)
Add. 1982, Act 7, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.