Michigan Insurance Code of 1956, Chapter 24, MCL 500.2400 to 500.2484, 40 sections: Casualty Insurance Rates
Edition and licensing notes
Publisher. Michigan Legislature (www.legislature.mi.gov)
Edition. Michigan Compiled Laws Complete Through PA 91 of 2026 (the publisher's own currency line, printed in the page header of every one of these PDFs; PDFs rendered 2026-09-05/06)
Status. US state statute; public domain.
What this document is
Michigan Insurance Code of 1956, Chapter 24 - Casualty Insurance Rates (MCL 500.2400 to 500.2484, 40 sections) is a state statute published by Michigan Legislature (www.legislature.mi.gov). It is one of the Michigan documents that insurance license exam questions are written from, including michigan property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- MCL 500.2411(2) and (4) (Rates and rating systems; classifications; single enterprise rule prohibited)
“(2) Classifications used by an insurer shall be based upon 1 or more of the following: (a) The industry group to which an employer belongs. (b) Similarity of expected losses as reflected by similarities in pure premium and similarities in operations of employers insured. (c) Similarity of risk of...”
- MCL 500.2478(1) (Violation of chapter; imposition of civil fine)
“(1) Subject to subsection (3), the commissioner may, if he or she finds that any person or organization has violated a provision of this chapter, previous to the date of his or her finding, impose a civil fine of not more than $300.00 for each violation, and if the violation is wilful, the...”
Practice this material
Questions about this source
More Michigan sources
- Michigan Administrative Code R 500.1301 to R 500.1310 - Fire and Inland Marine Insurance Rates (complete rule set, 10 rules)Regulation
- Michigan Administrative Code R 500.1351 to R 500.1359 - Workers' Compensation Insurance (complete rule set, 8 rules)Regulation
- Michigan Administrative Code R 500.1371 to R 500.1387 - Advertisement of Life Insurance and Annuities (complete rule set, 8 rules)Regulation
- Michigan Administrative Code R 500.551 to R 500.560 - Standards for Safeguarding Customer Information (complete rule set, 10 rules)Regulation
- Michigan Administrative Code R 500.651 to R 500.669 - Accident and Sickness Insurance Advertising (complete rule set, 20 rules)Regulation
- Michigan Aftermarket Crash Parts Act (Act 158 of 1991), complete Act (MCL 257.1361 to 257.1364, 4 sections)State statute
- Michigan Health Care False Claim Act (Act 323 of 1984), complete Act (MCL 752.1001 to 752.1011, 15 sections)State statute
- MCL Chapter 500, Insurance Code of 1956, Chapter 20 - Unfair and Prohibited Trade Practices and Frauds (selected Secs. 500.2003-500.2026)State statute