Credit Insurance Rates, Forms, And Standards

(By authority conferred on the commissioner of insurance by section 210 of Act No. 218 of the Public Acts of 1956, as amended, being S500.210 of the Michigan Compiled Laws)Insurance

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550.201Definitions.550.202Policy or certificate content; acceptable language for notice of proposed insurance; open-end credit insurance; delivery, effective date, duration, issuance, amounts, and annual notice of continuation.550.203Termination of group credit insurance policy.550.204Remittance of premiums.550.205Renewal or refinancing of indebtedness.550.206Maximum aggregate provisions.550.207Voluntary prepayment of indebtedness.550.208Involuntary prepayment of indebtedness.550.209Policy forms; filing; and reserves.550.210Rates generally.550.211Credit life insurance prima facie rates.550.212Credit accident and health insurance prima facie rates.550.213Refund formulas.550.214Deviation procedures.550.215Disclosure.550.216Effective date of rules; effect.550.217Appendix A.550.218Appendix B.550.219Appendix C.550.220Appendix D.550.221Appendix E.