500.2001 Short title. Sec. 2001. Sections 2001 to 2050 shall be known and may be cited as “the uniform trade practices act”. History: 1956, Act 218, Eff. Jan. 1, 1957 ;– Am. 1976, Act 273, Eff. Apr. 1, 1977 Popular Name: Act 218
500.2002 Purpose of act. Sec. 2002. The purpose of this uniform trade practices act is to regulate trade practices in the business of insurance in accordance with the intent of congress as expressed in the act of congress of March 9, 1945 (Public Law 15, 79th Congress as amended), by defining, or by providing for […]
500.2003 Prohibited trade practices; “person” defined. Sec. 2003. (1) A person shall not engage in a trade practice that is defined or described in this chapter or is determined under this chapter to be an unfair method of competition or an unfair or deceptive act or practice in the business of insurance. (2) Except as […]
500.2005 Misrepresentations. Sec. 2005. An unfair method of competition and an unfair or deceptive act or practice in the business of insurance means the making, issuing, circulating, or causing to be made, issued, or circulated, an estimate, illustration, circular, statement, sales presentation, or comparison which by omission of a material fact or incorrect statement of […]
500.2005a Unfair method of competition; unfair or deceptive act or practice. Sec. 2005a. An unfair method of competition and an unfair or deceptive act or practice in the business of insurance includes all of the following: (a) Knowingly making any misleading representation or incomplete or fraudulent comparison of any insurance policies, certificates, or contracts of […]
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 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 […]
500.2007 Unfair methods of competition or deception; false, deceptive or misleading advertising. Sec. 2007. The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance: Making, publishing, disseminating, circulating, or placing before the public, or causing, directly or indirectly, to be made, published, disseminated, circulated, […]
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 adjustment or dividend on timely basis as unfair or deceptive act or practice; “timely basis” defined; interest; applicability of section. Sec. 2008. (1) Upon the written request of […]
500.2009 False, maliciously critical, or derogatory statement as to financial condition. 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 […]
500.2010 Unfair method of competition; unfair or deceptive act or practice. Sec. 2010. It is an unfair method of competition and an unfair or deceptive act or practice in the business of insurance for a malpractice insurer to refuse to offer insurance to a health care provider or hospital on the grounds that the health […]
500.2011 Unfair methods of competition; unfair or deceptive acts or practices. Sec. 2011. (1) An unfair method of competition and an unfair or deceptive act or practice in the business of insurance includes an insurer providing a commission or other compensation to the insurer’s representative or agent for the sale or service of a disability […]
500.2012 Unfair methods of competition or deception; combinations in restraint of trade. Sec. 2012. The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance: Entering into any agreement to commit, or by any concerted action committing, any act of boycott, coercion or intimidation resulting […]
500.2013 Violation of chapter or rule; effect. Sec. 2013. A violation of chapter 5 or a rule promulgated under chapter 5 is an unfair method of competition and an unfair or deceptive act or practice in the business of insurance. History: Add. 2001, Act 24, Imd. Eff. June 18, 2001 Popular Name: Act 218
500.2013a Failure to comply with MCL 500.3107e; unfair practice; applicability to other rights. Sec. 2013a. (1) The failure of an insurer to materially comply with section 3107e is an unfair method of competition and an unfair or deceptive act or practice in the business of insurance. (2) This section does not affect any other right […]
500.2014 False material statement of financial condition; false entry or omission of true entry in book, report, or statement. Sec. 2014. Unfair methods of competition and unfair or deceptive acts or practices in the business of insurance include: (a) Filing with a supervisory or other public official, or making, publishing, disseminating, circulating, or delivering to […]
500.2015 Repealed. 1976, Act 273, Eff. Apr. 1, 1977. Compiler’s Notes: The repealed section pertained to false or incomplete records and reports.Popular Name: Act 218
500.2016 Unfair methods of competition and unfair and deceptive acts or practices in business of insurance; applicability of section. Sec. 2016. (1) In addition to other provisions of law, the following practices as applied to worker’s compensation insurance including worker’s compensation coverage provided through a self-insurer’s group are defined as unfair methods of competition and […]
500.2017 Unfair methods of competition or deception; illegal inducements. Sec. 2017. The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance: Issuing or delivering or permitting agents, officers, or employees to issue or deliver, agency company stock or other capital stock, or benefit certificates […]
500.2018 False or fraudulent statements or representations as to application for insurance policy. Sec. 2018. An unfair method of competition and an unfair or deceptive act or practice in the business of insurance include making false or fraudulent statements or representations on or relative to an application for an insurance policy for the purpose of […]
500.2019 Unfair methods of competition or deception; unfair discrimination in life insurance. Sec. 2019. The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance: Making or permitting any unfair discrimination between individuals of the same class and equal expectation of life in the rates […]
