Michigan Compiled Laws

Mich. Comp. Laws § 500.2600 (2026)

Purpose of chapter; construction.

✓ current as of July 2026

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THE INSURANCE CODE OF 1956

Act 218 of 1956

500.2600 Purpose of chapter; construction.

Sec. 2600.

The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate making and in other matters within the scope of the insurance code. Nothing in this chapter is intended (1) to prohibit or discourage reasonable competition, or (2) to prohibit, or encourage except to the extent necessary to accomplish the aforementioned purpose, uniformity in insurance rates, rating systems, rating plans or practices. Conformity with this chapter shall not be deemed to be a violation of section 2075 (compacts to restrain competition prohibited). This chapter shall be liberally interpreted to carry into effect the provisions of this section.

History: 1956, Act 218, Eff. Jan. 1, 1957

PopularName Notes:

Act 218

AdminRule Notes:

R 501.251 et seq. of the Michigan Administrative Code.

Notes of Decisions

Cited in 1 case, 2008–2008 · leading case: Ins. Inst. v. Comm'r of the Off. of Fin. & Ins. Servs., 761 N.W.2d 184 (Mich. Ct. App. 2008).

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Ins. Inst. v. Comm'r of the Off. of Fin. & Ins. Servs., 761 N.W.2d 184 (Mich. Ct. App. 2008). · cites it 2× “for property policies, MCL 500.2600 to 500.2674 (applicable to group home insurance and the other personal lines also subject to Chapter 24).”

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