Michigan Laws 500.2162 – Use of credit score to establish rates or rating classification for automobile insurance; prohibition
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 500.2162
- Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
An insurer shall not use an individual’s credit score to establish or maintain rates or rating classifications for automobile insurance.