Mich. Admin. Code R. 500.665 – Group or quasi-group implications. | Midpage
Rule 500.665
Mich. Admin. Code R. 500.665
Group or quasi-group implications.
(By authority conferred on the commissioner of insurance by sections 210 and 2007 of Act No. 218 of the Public Acts of 1956, being SS500.210 and 500.2007 of the Michigan Compiled Laws)Insurance
(1) An advertisement of a particular policy shall not state or imply that prospective insureds become group or quasi-group members covered under a group policy and as such enjoy special rates or underwriting privileges, unless that is the fact.
(2) This rule prohibits the solicitation of a particular class, such as governmental employees, by use of advertisements which state or imply that its occupational status entitles it to reduced rates on a group or other basis when, in fact, the policy being advertised is sold only on an individual basis at regular rates.