MCL - 218-1956-20

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Chapter 500
Act 218 of 1956
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 20
UNFAIR AND PROHIBITED TRADE PRACTICES AND FRAUDS
Document Type Description
Section 500.2001 Section Short title.
Section 500.2002 Section Purpose of act.
Section 500.2003 Section Prohibited trade practices; "person" defined.
Section 500.2005 Section Misrepresentations.
Section 500.2005a Section Unfair method of competition; unfair or deceptive act or practice.
Section 500.2006 Section Payment of benefits on timely basis; payment of interest in alternative; failure to pay claims or interest as unfair trade practice; liability for claim pursuant to judgment; proof of loss; inability to pay claim; interest requirements; failure of reinsurer to pay benefits on timely basis; effect of inconsistency with certain acts; exceptions; processing and payment procedures; notices; payment of 1 or more services listed on claim; violations; fines; definitions; section applicable to nonprofit dental care corporation.
Section 500.2007 Section Unfair methods of competition or deception; false, deceptive or misleading advertising.
Section 500.2008 Section Audit of insured's payroll expenditures; purpose; request; failure to complete payroll audit or final audit as unfair or deceptive act or practice; failure to pay premium adjustment or dividend on timely basis as unfair or deceptive act or practice; “timely basis” defined; interest; applicability of section.
Section 500.2009 Section False, maliciously critical, or derogatory statement as to financial condition.
Section 500.2010 Section Unfair method of competition; unfair or deceptive act or practice.
Section 500.2011 Section Unfair methods of competition; unfair or deceptive acts or practices.
Section 500.2012 Section Unfair methods of competition or deception; combinations in restraint of trade.
Section 500.2013 Section Violation of chapter or rule; effect.
Section 500.2013a Section Failure to comply with MCL 500.3107e; unfair practice; applicability to other rights.
Section 500.2014 Section False material statement of financial condition; false entry or omission of true entry in book, report, or statement.
Section 500.2015 Section Repealed. 1976, Act 273, Eff. Apr. 1, 1977.
Section 500.2016 Section Unfair methods of competition and unfair and deceptive acts or practices in business of insurance; applicability of section.
Section 500.2017 Section Unfair methods of competition or deception; illegal inducements.
Section 500.2018 Section False or fraudulent statements or representations as to application for insurance policy.
Section 500.2019 Section Unfair methods of competition or deception; unfair discrimination in life insurance.
Section 500.2020 Section Unfair methods of competition or deception; unfair discrimination in accident or health insurance.
Section 500.2021 Section Failure to furnish insured rate information upon request; unfair method of competition and unfair or deceptive act or practice in business of insurance; exception.
Section 500.2022 Section Repealed. 1976, Act 273, Eff. Apr. 1, 1977.
Section 500.2023 Section Automatic insurance on debtor contracting credit.
Section 500.2024 Section Unfair methods of competition or deception; rebates and special inducements.
Section 500.2024a Section Giving merchandise to applicants for life insurance.
Section 500.2024b Section Construction of MCL 500.2024, 500.2066, and 500.2070.
Section 500.2025 Section Unfair methods of competition or deception; exclusions from discrimination, rebates.
Section 500.2026 Section Course of conduct indicating persistent tendency to engage in that type of conduct.
Section 500.2027 Section Unfair methods of competition and unfair or deceptive acts or practices; prohibited conduct.
Section 500.2028 Section Examination; investigation.
Section 500.2029 Section Notice of hearing; opportunity to confer; summary disposition.
Section 500.2030 Section Hearing; procedure; intervention; burden of proof; commissioner or designate to preside; independent hearing officer; peremptory dismissal.
Section 500.2032 Section Unfair methods of competition or deception; hearing; oaths; witnesses; evidence; subpoenas; contempt of court; stenographic record; statement of evidence.
Section 500.2033 Section Hearing; directing witness to give testimony or produce evidence; immunity; perjury; waiver of immunity or privilege.
Section 500.2034 Section Unfair methods of competition or deception; service of notices, process and other papers, return.
Section 500.2038 Section Findings and decision to be in writing; cease and desist order; other orders; stay; modification or setting aside of order.
Section 500.2039 Section Finality of order.
Section 500.2040 Section Violation of cease and desist order; penalty; stay; contents of cease and desist order.
Section 500.2041 Section Unfair methods of competition or deception; court review of orders, findings of fact conclusive, modification; additional evidence.
Section 500.2043 Section Unfair methods of competition or deception; procedure to enjoin, jurisdiction of circuit court; filing petition; additional evidence; modification of findings; issuance of injunction; preliminary notice; application for trade conference.
Section 500.2045 Section Unfair methods of competition or deception; court review on petition of intervenor.
Section 500.2047 Section Trade practice conferences; authorization by insurance commissioner; purpose; notice; scope; recommendation; rules, regulations, or standards; construction of section.
Section 500.2049 Section Unfair methods of competition or deception; liability under other state laws.
Section 500.2050 Section Construction of chapter.
Section 500.2055 Section Misrepresentation of insurer's financial condition as misdemeanor; penalty; civil liability of officers and agents; forfeiture of chartered privileges; publication of true statement; other violations as misdemeanor; penalty.
Section 500.2057 Section Misrepresentation of insurer's identity prohibited; advertising by fire insurer not limited; violation as misdemeanor; penalty.
Section 500.2059 Section Maintaining or operating office for transaction of insurance business; using name of insurer in conducting or advertising business not related to business of insurance.
Section 500.2060 Section Repealed. 1986, Act 253, Eff. Dec. 31, 1987.
Section 500.2062 Section False reports; forfeiture of franchise or right to do business; violation by officers or agents as misdemeanor; penalty.
Section 500.2064 Section Misrepresentation of terms of policy; future benefits or dividends prohibited; illegal inducements; violation; revocation of certificate or license; penalties.
Section 500.2066 Section Rebates and illegal inducements prohibited; violation; revocation of license or certificate; penalties.
Section 500.2068 Section Revocation of license or certificate; notice; hearing; order; review by supreme court.
Section 500.2069 Section Violation of MCL 500.2064 or 500.2066 as misdemeanor; penalty.
Section 500.2070 Section Acceptance of rebate or illegal inducement prohibited; reduction of insurance; penalty.
Section 500.2074 Section Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.
Section 500.2075 Section Fire, marine or inland insurer's contract in restraint of competition prohibited; acts by agent prohibited; other prohibitions.
Section 500.2077 Section Creditors; favoritism of insurer prohibited; construction of section, violation, penalty.
Section 500.2078 Section Agreements as to placements of insurance; regulations.
Section 500.2080 Section Life insurance company, accident insurance company, sick or funeral benefit company; prohibited conduct with regard to funeral establishment, cemetery, or seller as limited life insurance producer; authorization to sell associated life insurance policies or annuity contracts; sale of cemetery goods or services or funeral goods or services; advising customers; application form; list; statement; sufficiency of death benefit; designation of certain beneficiaries prohibited; money payments required; medical, surgical, or hospital service; conditions and criteria regarding predeath assignment of proceeds of life insurance policy or annuity contract; false or misleading statements; false, misleading, deceptive, or unfair advertising; rules; protection against certain solicitations; signed statement authorizing release of assignment proceeds; failure to sign authorization statement; conditions to sale or solicitation of sale of life insurance policy or annuity contract with intention of having purchaser assign proceeds; action to enforce compliance; damages; violation as misdemeanor; separate offenses; penalties; creation, administration, and use of funeral consumers education and advocacy fund; definitions.
Section 500.2082 Section Racial discrimination by life insurers prohibited; violation; penalty.
Section 500.2086 Section False report by physician as to life or casualty insurance applicant; penalty, civil liability to insurer.
Section 500.2088 Section False report by physician; claim for death, sickness or disability benefits, penalty.
Section 500.2091 Section Unlawful advertising; notice to supervisory official.
Section 500.2092 Section Unlawful advertising; failure to cease and desist, procedure.
Section 500.2093 Section Enforcement of act against foreign or alien insurer; procedure.