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NOTICE SHORTENED LIMITATION OF ACTION CLAUSE FILINGS On May 3, 2007, the State Office of Administrative Hearings and Rules filed with the Michigan Secretary of State: R 500.2211 R 500.2212, Insurance
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What is discretionary clause filings?
Discretionary clause filings are documents filed by insurance companies to disclose the presence of discretionary clauses in their insurance policies.
Who is required to file discretionary clause filings?
Insurance companies are required to file discretionary clause filings.
How to fill out discretionary clause filings?
Discretionary clause filings can be filled out by providing information about the insurance company, the specific insurance policy, and any discretionary clauses contained within.
What is the purpose of discretionary clause filings?
The purpose of discretionary clause filings is to inform consumers and regulatory bodies about the presence of discretionary clauses in insurance policies, which provide the insurer with the authority to interpret policy language and make claim-related decisions.
What information must be reported on discretionary clause filings?
Discretionary clause filings must include details about the insurance company, the policy number, the type of policy, the specific language of any discretionary clauses, and any other relevant information.
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