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Michigan Allows Rate Filing Info to be Declared Trade Secrets

Nov. 5, 2015 AAIS Advisory notice

A new law in Michigan allows certain information in auto and home insurance rate filings to be designated as trade secrets to be protected from public disclosure. The law takes effect Jan. 11, 2016, and does not apply to information filed before that date.

Under the law, an insurer can designate information within or accompanying a rate filing as a trade secret, but must demonstrate why it is so. If the Michigan Department of Insurance and Financial Services agrees, the information will be exempt from the state's freedom of information act and not subject to public inspection. Also, insurers are not required to provide information to an insured that is determined to be a trade secret.


AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices are news summaries that paraphrase documents which should be consulted directly for complete, authoritative information.

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