Michigan § 500.2930 - Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms.
Full text of Michigan Michigan Compiled Laws § 500.2930 — Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms., with citation guidance and answers to common questions.
§ 500.2930. Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms.
The premium for basic property insurance of any risk by the pool shall be equal to the rate for identical insurance established by a licensed rating organization for identical insurance within this state plus a uniform surcharge approved by the commissioner.
The pool shall establish rates for any basic property insurance that is without rates established by a licensed rating organization or that the pool, with the approval of the commissioner, determines should be otherwise rated in order to better effectuate the purposes of this chapter. The pool shall file with the commissioner for his or her approval each rate and each policy form to be issued by it. The pool, acting as agent for participating members, shall file policy forms for basic property insurance to be issued by participating members under the provisions of this chapter. Rates and policy forms shall be filed in accordance with this chapter as the commissioner designates.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.2930
What does Michigan Compiled Laws § 500.2930 cover?
Section 500.2930 ("Basic property insurance; amount of premium; surcharge; establishment of rates; filing rates and policy forms.") 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 § 500.2930?
A common citation format is "Michigan Compiled Laws § 500.2930" (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 § 500.2930 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.