Friday, July 06, 2007

 

Insurers urge court to block Michigan rule

Life and health insurers asked a federal court to block a Michigan rule that prevents insurers from interpreting their plans.

The American Council of Life Insurers and America’s Health Insurance Plans in Washington filed suit against the Michigan Office of Financial and Insurance Services in the U.S. District Court for the Western District of Michigan, which issued rules in February preventing insurers from having the discretion to interpret the policies they issue...

Investment News: Insurers urge court to block Michigan rule

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