MI | The Michigan Department of Insurance & Financial Services (DIFS) has issued Bulletin 2021-27-INS.
This bulletin informs insurers that the Department will not approve underwriting rules or rates that purport to directly or indirectly increase premiums or limit coverage (including non-renewals) on the basis of a zero-dollar claim. Insurers that have existing underwriting rules or rates to the contrary are strongly encouraged to self-report to the Department and, in any event, must file a rule or rate revision that eliminates these provisions at the earliest possible opportunity, but no later than July 30, 2021. Insurers that are found to have relied on zero-dollar claims for rate, premium, or underwriting purposes will be subject to appropriate administrative action.