THE INSURANCE CODE OF 1956
Act 218 of 1956
500.2012 Unfair methods of competition or deception; combinations in restraint of trade.
Sec. 2012.
The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance:
Entering into any agreement to commit, or by any concerted action committing, any act of boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of the business of insurance.
History: 1956, Act 218, Eff. Jan. 1, 1957
PopularName Notes:
Act 218
Notes of Decisions
Lawyers Title Ins. v. Chicago Title Ins., 409 N.W.2d 774 (Mich. Ct. App. 1987).
“Finally, intervenors claim that the Insurance Commissioner erred when she concluded that respondents had not violated MCL 500.2012; MSA 24.12012, which provides: The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business…”
Nationwide Mut. Ins. Co. v. COMM'R OF INS., 341 N.W.2d 841 (Mich. Ct. App. 1983).
· cites it 2× “11209, which prohibits termination of agents except for statutorily prescribed reasons, and that preventing its multilicense agents from informing a prospective insured of alternate insurance sources constituted unfair competition and a restraint of trade in violation of § 2012…”
Nationwide Mut. Ins. v. Comm'r of Ins., 341 N.W.2d 841 (Mich. Ct. App. 1983).
· cites it 2× “11209, which prohibits termination of agents except for statutorily prescribed reasons, and that preventing its multilicense agents from informing a prospective insured of alternate insurance sources constituted unfair competition and a restraint of trade in violation of § 2012…”
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