STATE STATUTES & CODES

MICHIGAN STATUTES AND CODES

218-1956-20 - CHAPTER 20 UNFAIR AND PROHIBITED TRADE PRACTICES AND FRAUDS (500.2001...500.2093)

• Section 500.2001 - Short title.
• Section 500.2002 - Purpose of act.
• Section 500.2003 - Prohibited trade practices; “person” and “insurance policy” defined.
• Section 500.2005 - Misrepresentations.
• Section 500.2005a - Unfair method of competition; unfair or deceptive act or practice.
• Section 500.2006 - 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
• Section 500.2007 - Unfair methods of competition or deception; false, deceptive or misleading advertising.
• Section 500.2008 - 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 adjust
• Section 500.2009 - False, maliciously critical, or derogatory statement as to financial condition.
• Section 500.2010 - Unfair method of competition; unfair or deceptive act or practice.
• Section 500.2011 - Unfair methods of competition; unfair or deceptive acts or practices.
• Section 500.2012 - Unfair methods of competition or deception; combinations in restraint of trade.
• Section 500.2013 - Violation of chapter or rule; effect.
• Section 500.2014 - False material statement of financial condition; false entry or omission of true entry in book, report, or statement.
• Section 500.2015 - Repealed. 1976, Act 273, Eff. Apr. 1, 1977.
• Section 500.2016 - Unfair methods of competition and unfair and deceptive acts or practices in business of insurance; applicability of section.
• Section 500.2017 - Unfair methods of competition or deception; illegal inducements.
• Section 500.2018 - False or fraudulent statements or representations as to application for insurance policy.
• Section 500.2019 - Unfair methods of competition or deception; unfair discrimination in life insurance.
• Section 500.2020 - Unfair methods of competition or deception; unfair discrimination in accident or health insurance.
• Section 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.
• Section 500.2022 - Repealed. 1976, Act 273, Eff. Apr. 1, 1977.
• Section 500.2023 - Automatic insurance on debtor contracting credit.
• Section 500.2024 - Unfair methods of competition or deception; rebates and special inducements.
• Section 500.2024a - Giving merchandise to applicants for life insurance.
• Section 500.2024b - Construction of MCL 500.2024, 500.2066, and 500.2070.
• Section 500.2025 - Unfair methods of competition or deception; exclusions from discrimination, rebates.
• Section 500.2026 - Course of conduct indicating persistent tendency to engage in that type of conduct.
• Section 500.2027 - Unfair methods of competition and unfair or deceptive acts or practices; prohibited conduct.
• Section 500.2028 - Examination; investigation.
• Section 500.2029 - Notice of hearing; opportunity to confer; summary disposition.
• Section 500.2030 - Hearing; procedure; intervention; burden of proof; commissioner or designate to preside; independent hearing officer; peremptory dismissal.
• Section 500.2032 - Unfair methods of competition or deception; hearing; oaths; witnesses; evidence; subpoenas; contempt of court; stenographic record; statement of evidence.
• Section 500.2033 - Hearing; directing witness to give testimony or produce evidence; immunity; perjury; waiver of immunity or privilege.
• Section 500.2034 - Unfair methods of competition or deception; service of notices, process and other papers, return.
• Section 500.2038 - Findings and decision to be in writing; cease and desist order; other orders; stay; modification or setting aside of order.
• Section 500.2039 - Finality of order.
• Section 500.2040 - Violation of cease and desist order; penalty; stay; contents of cease and desist order.
• Section 500.2041 - Unfair methods of competition or deception; court review of orders, findings of fact conclusive, modification; additional evidence.
• Section 500.2043 - Unfair methods of competition or deception; procedure to enjoin, jurisdiction of circuit court; filing petition; additional evidence; modification of findings; issuance of injunctio
• Section 500.2045 - Unfair methods of competition or deception; court review on petition of intervenor.
• Section 500.2047 - Trade practice conferences; authorization by insurance commissioner; purpose; notice; scope; recommendation; rules, regulations, or standards; construction of section.
• Section 500.2049 - Unfair methods of competition or deception; liability under other state laws.
• Section 500.2050 - Construction of chapter.
• Section 500.2055 - Misrepresentation of insurer's financial condition as misdemeanor; penalty; civil liability of officers and agents; forfeiture of chartered privileges; publication of true state
• Section 500.2057 - Misrepresentation of insurer's identity prohibited; advertising by fire insurer not limited; violation as misdemeanor; penalty.
• Section 500.2059 - 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 - Repealed. 1986, Act 253, Eff. Dec. 31, 1987.
• Section 500.2062 - False reports; forfeiture of franchise or right to do business; violation by officers or agents as misdemeanor; penalty.
• Section 500.2064 - Misrepresentation of terms of policy; future benefits or dividends prohibited; illegal inducements; violation; revocation of certificate or license; penalties.
• Section 500.2066 - Rebates and illegal inducements prohibited; violation; revocation of license or certificate; penalties.
• Section 500.2068 - Revocation of license or certificate; notice; hearing; order; review by supreme court.
• Section 500.2069 - Violation of MCL 500.2064 and 500.2066 as misdemeanor; penalty.
• Section 500.2070 - Acceptance of rebate or illegal inducement prohibited; reduction of insurance; penalty.
• Section 500.2074 - Repealed. 2000, Act 486, Imd. Eff. Jan. 11, 2001.
• Section 500.2075 - Fire, marine or inland insurer's contract in restraint of competition prohibited; acts by agent prohibited; other prohibitions.
• Section 500.2077 - Creditors; favoritism of insurer prohibited; construction of section, violation, penalty.
• Section 500.2078 - Agreements as to placements of insurance; regulations.
• Section 500.2080 - Life insurance, accident insurance, sick or funeral benefit company; prohibited conduct with regard to mortuary or undertaking establishments; funeral establishment, cemetery, or se
• Section 500.2082 - Racial discrimination by life insurers prohibited; violation; penalty.
• Section 500.2086 - False report by physician as to life or casualty insurance applicant; penalty, civil liability to insurer.
• Section 500.2088 - False report by physician; claim for death, sickness or disability benefits, penalty.
• Section 500.2091 - Unlawful advertising; notice to supervisory official.
• Section 500.2092 - Unlawful advertising; failure to cease and desist, procedure.
• Section 500.2093 - Enforcement of act against foreign or alien insurer; procedure.

Tips