Mich. Admin. Code R. 500.1385 - Advertisements disseminated in state; maintenance of specimen copy; filing with the commissioner; certificate of compliance
Current through Vol. 22-05, April 1, 2022
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Rule 15. (1) An insurer shall maintain at its home or principal office a complete file containing a specimen copy of printed, published, or prepared advertisements of its
policies hereafter disseminated in this state, with a notation indicating the manner and extent of distribution and the form number of any policy advertised. Such file shall be subject to inspection by the commissioner. All such advertisements shall be maintained in the file for a period of either 4 years or until the filing of the next regular report on the examination of the insurer, whichever period is longer.
(2) An insurer subject to the provisions of these rules shall file with the commissioner, with its annual statement, a certificate of compliance executed by an authorized officer of the insurer wherein it is stated, if such is the fact, that to the best of the officer's knowledge, information, and belief, the advertisements which were disseminated by, or on behalf of, the insurer in this state during the preceding statement year, or during the portion of such year when these rules were in effect, compiled in all respects with the provisions of these rules and the insurance laws of this state as implemented and interpreted by these rules.
History: 1984 AACS; 1997 AACS.