{"data":{"id":"us-mi/mich.-comp.-laws-500.2002","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.2002","heading":"Purpose of act.","body":"Sec. 2002.\n\nThe purpose of this uniform trade practices act is to regulate trade practices in the business of insurance in accordance with the intent of congress as expressed in the act of congress of March 9, 1945 (Public Law 15, 79th Congress as amended), by defining, or by providing for the determination of (under standards or procedures herein prescribed), all such practices in this state which constitute unfair methods of competition or unfair or deceptive acts or practices, and by prohibiting the trade practices so defined or determined.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-2002","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ac15ecce4e53fdf4fb8732a11364a2735662fbcf120d2da50e6b6afbecfd1a2a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.2001","next":"us-mi/mich.-comp.-laws-500.2003"},"notice":"GroundRules: Original legal text. Not legal advice."}