Procedures for property and liability insurance rate and form filings

Issued and entered August 23, 1988 by Herman W. Coleman, Commissioner of Insurance

Over the years, the Commissioner has issued several bulletins containing forms with instructions for use in filing various property and liability insurance forms and rates with the Insurance Bureau. Often several bulletins containing filing instructions for a particular line of insurance are in existence simultaneously. This can be burdensome and confusing to insurers in developing filings which are complete and meet all Michigan requirements.

In an effort to streamline the filing process for insurers, a manual has been developed which contains a complete set of forms with instructions for filing all types of property and liability insurance forms and rates. The "Property and Liability Filing Procedures" represents a consolidation of many previous Insurance Bureau bulletins and an elimination of any unnecessary steps in the filing process. Further, use of the forms with instructions contained in this manual will ensure that companies receive a timely response to their filings.

Each page of the manual is numbered and contains an edition date. The submission forms required by the manual also contain identifying form numbers with edition dates. As changes are made to the text or the forms, insurers and rating organizations will be provided with revised pages showing new edition dates.

Insurers and rating organizations are encouraged to follow the process set forth in this manual as soon as those individuals responsible for Michigan filings are familiar with its contents. However, the process will apply to all filings submitted on or after November 1, 1988.

Therefore, this bulletin supersedes the following bulletins, which are hereby withdrawn effective November 1, 1988:

After November 1, 1988, all property and liability filings shall be reviewed for compliance with Michigan law in light of the procedures set forth in this manual. The use of the manual pursuant to this bulletin does not abrogate the right to hearing and appeal of a disapproval as provided by the Insurance Code. This bulletin does not suspend the applicability of any other bulletin currently in effect, other than as indicated above.

Anyone having questions regarding the manual or the filing procedures should contact the Commercial Market Standards Division at 517-373-0242.