Michigan Laws 500.2614 – Rate organization; excess rates on specific risks
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 500.2614
- Commissioner: means the director. See Michigan Laws 500.102
- Rate: means the cost of insurance per payroll before adjustment for an individual insured's size, exposure, or loss experience. See Michigan Laws 500.2402
Upon the written application of the insured, stating his reasons therefor, filed with and approved by the commissioner, a rate in excess of that provided by a filing otherwise applicable may be used on any specific risk.