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STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES Bulletin 201905INS In the matter of 2020 Form and Rate Filing Requirements for StandAlone Dental Plans /Issued and entered this 21st

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What is form and rate filing?

Form and rate filing is the process of submitting information regarding insurance forms and rates to regulatory authorities for approval before they can be used in the market.

Who is required to file form and rate filing?

Insurance companies and agents are required to file form and rate filing to ensure compliance with regulatory requirements.

How to fill out form and rate filing?

Form and rate filing can be filled out online or through paper forms provided by the regulatory authorities. It requires detailed information about the insurance forms and rates being proposed.

What is the purpose of form and rate filing?

The purpose of form and rate filing is to protect consumers from unfair or discriminatory insurance practices by ensuring that insurance forms and rates are appropriate and comply with regulations.

What information must be reported on form and rate filing?

Information such as the insurance company's name, details of the insurance product being offered, proposed rates, and actuarial justification for the proposed rates must be reported on form and rate filing.

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