MI| The order requires all insurers authorized to write automobile insurance in Michigan who have not already submitted a filing under Bulletin 2020-18-INS, and who have not yet implemented a premium waiver or refund, to submit one of the following filings no later than June 10, 2020:
- a plan to issue refunds or premium waivers to their customers; or
- an explanation of why a refund or premium waiver is not warranted at this time
Both types of filings must be accompanied by detailed actuarial support.
Insurers who have already advertised, implemented, or otherwise advised their policyholders or the public that they are issuing a premium waiver or refund without first having made a filing to DIFS must submit the required filing no later than June 3, 2020.