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Michigan DOI issues Bulletin regarding Automobile Rule and Rate filings

On January 28th, 2021, the Michigan Department of Insurance issued Bulletin 2021-07-INS as a reminder to automobile insurers that, beginning February 1st, 2021, personal automobile rule and rate filings must be submitted no fewer than 90 days prior to their effective date pursuant to MCL 500.2108(6).
Additionally, auto insurance rule and rate filings submitted after February 1st, 2021 must use a new P&C Rate Checklist which can be found on SERFF under the Supporting Documentation tab under the heading of “Checklist Submission.”
For more details regarding this matter, please review the Bulletin  HERE.
Westmont Associates, Inc. can assist with product development and SERFF filings for Personal Automobile in Michigan. Please contact us with any questions regarding our services.
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