The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Michigan; Department of Insurance and Financial Services · Michigan
- Level
- Sector regulator
- Authority
- MCL 500.2108 (rate filings)
- Issued
- 2020-04-13 Apr. 13, 2020
- Effective
- 2020-04-13
- End
- For refund filings during the emergency (read as 2020-09-30)
- In force
- Apr. 13, 2020 to Sept. 30, 2020
- Quarters
- 2020 Q22020 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- automobile insurers planning to issue refunds or premium waivers
- Functions reached
- IN auto insurers (rate and refund filings)
- CB policyholders (reduced driving under the stay-home orders)
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
This bulletin applies to automobile insurers that plan to issue refunds or premium waivers to their customers [because of reduced driving during the COVID-19 emergency]. DIFS has created a special filing type of 'COVID-19 Refund/Premium Waiver' in SERFF... Insurers must attach a filing memorandum that outlines the changes requested in this filing. The filing memorandum must include the following: The amount of the refund or premium waiver by policyholder.
Enforcement
Notes
The regulator's record that driving fell enough under the stay-home orders to require premium refunds; parallel to California Bulletin 2020-3 (Ex. CA-043).
Retrieval noteIt is not itself an order, rule, directive, resolution or condition of a license or contract. Cite it as context and cite the underlying order or statute as the instrument).