# MI DIFS Bulletin 2006-05-INS: Michigan DIFS Bulletin 2006-05-INS > Michigan · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/MI_INS_2006_05_INS ## Section - **Citation:** MI DIFS Bulletin 2006-05-INS - **Heading:** Michigan DIFS Bulletin 2006-05-INS - **Jurisdiction:** Michigan - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Michigan DIFS Insurance Bulletins / Michigan DIFS Bulletin 2006-05-INS ## Text STATE OF MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC GROWTH OFFICE OF FINANCIAL AND INSURANCE SERVICES Bulletin 2006-05-INS In the matter of Discount and Surcharge Information Respecting Property and Casualty Group Rate Filings ________________________________________/ Issued and entered this 19th day of June 2006 by Linda A. Watters Commissioner This Bulletin applies to all insurers that submit rate filings or amended rate filings under Chapters 24 and 26 of the Insurance Code, MCL 2400 et seq. and MCL 2600 et seq., where those filings include group rated discounts or surcharges. It supercedes Bulletin 2006-03-INS. The Commissioner is charged with disapproving rates that are unfairly discriminatory under MCL 500.2403(1)(d) and MCL 500.2603(1)(d). The Commissioner is authorized to give notice to an insurer to furnish information upon which it supports its filing pursuant to MCL 500.2406(1) and MCL 500.2606(1). The Commissioner has determined that she needs the following information to determine whether a rate filing meets the standards of Chapter 24 or Chapter 26: 1. A list of the groups receiving discounts or surcharges as of the effective date of the rate filing. The list may state the actual name of each group or each group may be identified by a number or letter. 2. For each group, the discount or surcharge factor that is applied. This may be expressed as a percentage or as a modification factor. No additional actuarial justification or supporting data is required with a filing, but the Commissioner may require this information on a case-by-case basis. 3. A statement of where and how in the rating process the group discount or surcharge is applied 2. For each group, the discount or surcharge factor that is applied. This may be expressed as a percentage or as a modification factor. No additional actuarial justification or supporting data is required with a filing, but the Commissioner may require this information on a case-by-case basis. 3. A statement of where and how in the rating process the group discount or surcharge is applied. For example, “Liability rate plus collision rate plus comprehensive rate equals total premium times group discount/surcharge equals modified or final premium.” On and after July 1, 2006, where an insurer submits a filing that omits the information specified above, the staff will give written notice to the insurer to furnish the information. The Commissioner will have 15 days after the information is furnished to approve or disapprove the filing. - 2 - Any questions regarding this bulletin should be directed to: Office of Financial and Insurance Services Insurance Product Review Section 611 West Ottawa Street P.O. Box 30220 Lansing, Michigan 48909-7720 Phone: (517) 373-4948 Toll Free (877) 999-6442 _____________________________________ Linda A. Watters Commissioner of Financial and Insurance Services ## Nearby sections - [MI DIFS Bulletin 2006-04-INS Producer Continuing Education Requirements - Implementation of 2005 PA 247 ________________________________________](https://www.frixlaw.com/law-library/statutes/MI_INS_2006_04_INS.md) - [MI DIFS Bulletin 2006-05-INS Michigan DIFS Bulletin 2006-05-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2006_05_INS.md) - [MI DIFS Bulletin 2006-08-INS Mortgage Impairment Coverage and Title Insurance ________________________________________](https://www.frixlaw.com/law-library/statutes/MI_INS_2006_08_INS.md) - [MI DIFS Bulletin 2006-09-INS Active Resident Producer and Solicitor Continuing Education Requirements - Implementation of 2005 PA 247 ------------------I](https://www.frixlaw.com/law-library/statutes/MI_INS_2006_09_INS.md) - [MI DIFS Bulletin 2006-10-INS Michigan DIFS Bulletin 2006-10-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2006_10_INS.md) - [MI DIFS Bulletin 2007-07-INS Flood insurance training requirements for insurance producers with a property line of authority selling through the National Flood Insurance Program (NFIP)](https://www.frixlaw.com/law-library/statutes/MI_INS_2007_07_INS.md) - [MI DIFS Bulletin 2007-09-INS lnsurance Producer Administrative Cost](https://www.frixlaw.com/law-library/statutes/MI_INS_2007_09_INS.md) - [MI DIFS Bulletin 2008-01-INS Insurance Crop Adjuster Licensing](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_01_INS.md) - [MI DIFS Bulletin 2008-04-INS Michigan Property and Casualty Guaranty Association's annual adjustment of an insured's maximum unearned premium refund.](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_04_INS.md) - [MI DIFS Bulletin 2008-05-INS Michigan DIFS Bulletin 2008-05-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_05_INS.md) - [MI DIFS Bulletin 2008-06-INS Michigan DIFS Bulletin 2008-06-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_06_INS.md) - [MI DIFS Bulletin 2008-13-INS Michigan DIFS Bulletin 2008-13-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_13_INS.md) - [MI DIFS Bulletin 2008-17-INS Preneed Life Insurance minimum standards For determining reserve liabilities and Nonforfeiture values](https://www.frixlaw.com/law-library/statutes/MI_INS_2008_17_INS.md) - [MI DIFS Bulletin 2010-05-INS Michigan DIFS Bulletin 2010-05-INS](https://www.frixlaw.com/law-library/statutes/MI_INS_2010_05_INS.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/MI_INS_2006_05_INS. Check the current official text before relying on it. Not legal advice.