MI SB1023

Amends section 2114 of the Michigan Insurance Code (1956 PA 218) regarding aggrieved persons' right to request hearings on insurance filings with the commissioner.

Changes language from "which" to "that" and updates references to apply the Administrative Procedures Act of 1969 (1969 PA 306, MCL 24.201-24.328) to hearing procedures.

Authorizes the commissioner to order refunds of premiums to affected policyholders when disapproving a filing as having excessive rates, unfairly discriminatory rates, or non-compliance with rating requirements, provided the refund amount is substantial and exceeds the cost of making the refund.

Specifies that commissioner orders disapproving filings do not affect contracts or policies issued before the filing becomes ineffective, except for any ordered refunds.

Requires the commissioner to hold hearings within 30 days of receiving a good faith application and provide at least 10 days' written notice to all affected parties.