MI | The Michigan Department of Insurance has issued Bulletin 2021-22-INS.
This bulletin provides guidance related to the timing of personal auto rate and rule filings. Section 2108(6) of the Insurance Code, MCL 500.2108(6), was added by Public Act 21 of 2019, and states:
For automobile insurance, an insurer shall file a manual or plan in accordance with chapter 24, except that the manual or plan must remain on file for a waiting period of 90 days before it becomes effective, which period may not be extended by the director, and the waiting period applies regardless of whether supporting information is required by the director under section 2406(1). Upon written application by the insurer, the director may authorize a filing that he or she has reviewed to become effective before expiration of the waiting period.