Michigan Compiled Laws § 500.3385 Recoupment Of Assessments; Surcharge; Rate Including Factor For Recoupment.

500.3385 Recoupment of assessments; surcharge; rate including factor for recoupment.

Sec. 3385.

Any assessments paid by participating members pursuant to section 3330(1)(c) may be recouped through a surcharge in the insurers rates for automobile insurance policies issued by the member, including policies issued on behalf of the facility. A rate shall not be considered excessive because the rate includes a factor for recoupment pursuant to this section.

History: Add. 1979, Act 145, Eff. Jan. 1, 1981
Popular Name: Act 218
Popular Name: Essential Insurance

Section: Previous  500.3315  500.3320  500.3321  500.3330  500.3340  500.3341  500.3350  500.3355  500.3360  500.3365  500.3370  500.3380  500.3385  500.3390    Next

Last modified: October 10, 2016