Mich. Admin. Code R. 500.641 - Suspension or modification of filing requirements; standards
Rule 641. Before issuing a written order suspending or modifying the requirement of filing as to any kind of insurance, subdivision, or combination thereof, or as to classes of risks, the commissioner shall take into account all of the following:
(a)
The magnitude of the coverages and premiums involved.
(b) Whether the policies involved are of a
unique or unusual character.
(c)
Whether the risk is such that immediate coverage is necessary.
(d) The information available to, or the
knowledge of, the parties negotiating the coverage as pertains to the risk
involved and the rates for such coverage.
(e) Whether such filing requirement is
necessary or desirable for the protection of the public.
Notes
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