MI HB4220

Allows the insurance commissioner to order refunds of premiums to affected policyholders if a filing is disapproved as excessive or unfairly discriminatory under section 2109, provided the refund amount is substantial and equals or exceeds the cost of making the refund.

Permits aggrieved persons or organizations to request a hearing before the commissioner regarding any effective insurance filing, with the commissioner required to hold a hearing within 30 days if made in good faith and the grounds justify it.

Prohibits the insurer or rating organization that made the filing from requesting a hearing under this provision.

Requires the commissioner to issue an order with specific reasons if a filing does not meet requirements of sections 2109 and 2111, stating when the filing becomes ineffective.

Specifies that commissioner orders do not affect contracts or policies made before the filing becomes ineffective, except for any premium refund adjustments ordered under this section.