Mich. Admin. Code R. 500.555 – Examples of methods of development and implementation. | Midpage
Rule 500.555
Mich. Admin. Code R. 500.555
Examples of methods of development and implementation.
(By the authority conferred on the Office of Financial and Insurance Services by Section 547 of 1956 PA 215, MCL 500.547, by Section 210 of 1956 PA 218, MCL 500.210, and E.R.O. No. 2003-1, and pursuant to 15 U.S.C. 6801, 6805(a)(6), 6805(b), 6805(c))Insurance
(1) The actions and procedures described in R 500.556 to R 500.559 are examples of methods of implementation of the requirements of R 500.553 and R500.554. These examples are non-exclusive illustrations of actions and procedures that licensees may follow to implement R 500.553 and R 500.554.
(2) A licensee who performs all actions and procedures of implementation specified in R 500.556 through R 500.559 shall be considered in compliance with R 500.553 and R 500.554.