Michigan Administrative Code
Department - Insurance and Financial Services
Insurance
Credit Insurance Policy Forms - Discretionary Clauses
Section R. 550.301 - Definitions
Current through Vol. 24-04, March 15, 2024
Rule 1. As used in these rules:
(a) "Appeal" means an appeal by a policyholder or other claimant of a claim denial by an insurer. It includes appeals to administrative agencies, arbitrators, courts, and mediators.
(b) "Commissioner" means the commissioner of the office of financial and insurance services.
(c) "Discretionary clause" is a provision in a form that purports to bind the claimant to or grant deference in subsequent proceedings to the credit insurer's decision, denial, or interpretation on terms, coverage, or eligibility for benefits including, but not limited to, a form provision that does any of the following:
(d) "Form" means a form identified in section 13 of the credit insurance act, 1958 PA 173, MCL 550.613.
(e) Terms defined in the credit insurance act, 1958 PA 173, as amended, MCL 550.601 to MCL 550.624, and R 550.201 to R 550.216 have the same meanings when used in these rules.