{"id":"AGY-ST-INSURANCE-BANKING-093","kind":"context","level":"sector-regulator","jurisdiction":"Michigan; Department of Insurance and Financial Services","state":"MI","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Anita G. Fox, Director","authority":"MCL 500.2108 (rate filings)","instrument":"Bulletin 2020-18-INS","title":"Auto Insurance Refunds Due to COVID-19","dateIssued":"2020-04-13","effective":"2020-04-13","end":"For refund filings during the emergency","startDate":"2020-04-13","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["automobile insurers planning to issue refunds or premium waivers"],"clause":"This bulletin applies to automobile insurers that plan to issue refunds or premium waivers to their customers [because of reduced driving during the COVID-19 emergency]. DIFS has created a special filing type of \u0027COVID-19 Refund/Premium Waiver\u0027 in SERFF... Insurers must attach a filing memorandum that outlines the changes requested in this filing. The filing memorandum must include the following: The amount of the refund or premium waiver by policyholder.","enforcement":"MCL 500.2100 et seq.","functions":["IN auto insurers (rate and refund filings)","CB policyholders (reduced driving under the stay-home orders)"],"notes":"The regulator\u0027s record that driving fell enough under the stay-home orders to require premium refunds; parallel to California Bulletin 2020-3 (Ex. CA-043).","sourceUrl":"https://www.michigan.gov/documents/difs/Bulletin_2020-18-INS_686906_7.pdf","snapshot":"https://web.archive.org/web/20200522040320/https://www.michigan.gov/documents/difs/Bulletin_2020-18-INS_686906_7.pdf","fileExists":true,"fileBytes":99035,"grade":"primary","character":"context","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-093","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-093","citation":"Anita G. Fox, Director, Bulletin 2020-18-INS (Apr. 13, 2020) (Ex. AGY-ST-INSURANCE-BANKING-093)","stateName":"Michigan","related":["CA-043","AGY-ST-INSURANCE-BANKING-092","AGY-ST-INSURANCE-BANKING-090","AGY-ST-INSURANCE-BANKING-091","AGY-ST-INSURANCE-BANKING-080","AGY-ST-INSURANCE-BANKING-089","AGY-ST-INSURANCE-BANKING-088","AGY-ST-INSURANCE-BANKING-094"]}