Michigan Laws 500.2318 – Facility; classification and rating systems; determination and use
Current as of: 2023 | Check for updates
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(1) The classification and rating systems of the facility shall be determined by the designated advisory organization, subject to the requirements of this chapter and the approval of the commissioner.
(2) Every participating member designated to act on behalf of the facility shall be authorized to use the classification and rating systems of the facility on business placed through the facility and shall not use other rates for worker’s compensation insurance placed through the facility.
Terms Used In Michigan Laws 500.2318
- Commissioner: means the director. See Michigan Laws 500.102
- Designated advisory organization: means the advisory organization designated by the data collection agency pursuant to section 2407(2). See Michigan Laws 500.2402
- Facility: means the Michigan worker's compensation placement facility created under this chapter. See Michigan Laws 500.2303
- Participating member: means an insurer who is a member of the facility and who in any given calendar year has a participation ratio greater than zero in the facility for that year. See Michigan Laws 500.2303