Michigan § 500.2421 - Insurer authorized to write worker's compensation insurance; prohibited acts.
Full text of Michigan Michigan Compiled Laws § 500.2421 — Insurer authorized to write worker's compensation insurance; prohibited acts., with citation guidance and answers to common questions.
§ 500.2421. Insurer authorized to write worker's compensation insurance; prohibited acts.
As a condition of maintaining its certificate of authority, an insurer authorized to write worker's compensation insurance shall not do any of the following:
Be a member of a rating organization in this state for worker's compensation insurance or have any rates, rules, or forms filed on its behalf with regard to worker's compensation insurance in this state by a rating organization.
Except as necessary to operate the residual market under chapter 23, agree with any other insurer or with an advisory organization to adhere to or use any rate, rating plan, rating schedule, rating rule, or underwriting rule with regard to worker's compensation insurance in this state.
Make any agreement with any other insurer, advisory organization, or any other person which has the purpose or effect of restraining trade or of substantially lessening competition with regard to worker's compensation insurance in this state.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.2421
What does Michigan Compiled Laws § 500.2421 cover?
Section 500.2421 ("Insurer authorized to write worker's compensation insurance; prohibited acts.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.2421?
A common citation format is "Michigan Compiled Laws § 500.2421" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.2421 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.