Michigan Compiled Laws § 500.3301 Michigan Automobile Insurance Placement Facility; Purpose; Participation.

500.3301 Michigan automobile insurance placement facility; purpose; participation.

Sec. 3301.

(1) Every insurer authorized to write automobile insurance in this state shall participate in an organization for the purpose of doing all of the following:

(a) Providing the guarantee that automobile insurance coverage will be available to any person who is unable to procure that insurance through ordinary methods.

(b) Preserving to the public the benefits of price competition by encouraging maximum use of the normal private insurance system.

(2) The organization created under this chapter shall be called the “Michigan automobile insurance placement facility”.

History: Add. 1969, Act 346, Eff. Apr. 1, 1970 ;-- Am. 1979, Act 145, Eff. Jan. 1, 1981
Popular Name: Act 218
Popular Name: Essential Insurance

Section: 500.3301  500.3303  500.3310  500.3315  500.3320  500.3321  500.3330  500.3340  500.3341  500.3350  500.3355  500.3360  500.3365  500.3370  500.3380  Next

Last modified: October 10, 2016