Sec. 2426. No manual of classifications, rule, rating plan, or any modification of any of the foregoing which measures variations in hazards or expense provisions, or both, and which has been filed pursuant to the requirements of this chapter shall be disapproved if the rates thereby produced meet the requirements of section 2403 (1) (d) (rate standards).
Mich. Comp. Laws § 500.2426
Manual of classifications, rules and rating plans; rates meeting standards
Applied in 2 court decisions — leading case 280 Mich. App. 333 - Insurance Institute v. Commissioner of the Office of Financial & Insurance Services (2008)
Most recently applied in Ins. Institute v. Com'r, Financial & Ins. (July 2010)
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.