Michigan Hearings on Proposed Insurance Scoring Ban Scheduled for July

Four public hearings on a proposed administrative rule that would ban the use of insurance scoring in Michigan have been scheduled for July, according to the state’s top regulator.

Linda A. Watters, commissioner of the Office of Financial and Insurance Services which regulates insurance in Michigan, said in a statement that the hearings “will given citizens an opportunity to voice their opinions on the issue.”

Watters reiterated her view that insurance scoring “is unfair and does not conform with the requirements of the Essential Insurance Act,” the statute which governs the industry in Michigan. Watters and Gov. Jennifer Granholm, a Democrat, have argued that the ban would reduce base rates for auto and homeowners insurance by as much as 45 percent.

The hearings are scheduled as follows:

—Monday, July 19, 1 p.m., at the Michigan Library and Historical Center, 702 W. Kalamazoo, in Lansing;
—Wednesday, July 21, 1 p.m., at the Grand Rapids Commission Chambers, 300 Monroe Ave. NW, in Grand Rapids;
—Monday, July 26, 1 p.m., at the Cadillac Place, 3044 W. Grand Boulevard, in Detroit;
—Wednesday, July 28, 1 p.m., at City Hall’s third floor council chamber, 1101 S. Saginaw, in Flint.

The ban, officially Rule Set 2004-022LG, is scheduled to take effect Jan. 1, 2005.

Topics Michigan