Michigan Compiled Laws § 500.3321 Automobiles Not Included In Mcl 500.3320; Insurance Required; Equitable Distribution Of Applicants To Participating Members.

500.3321 Automobiles not included in MCL 500.3320; insurance required; equitable distribution of applicants to participating members.

Sec. 3321.

The facility shall provide, with respect to all automobiles not included in section 3320:

(a) Only the insurance required by law or required by the commissioner of insurance. The commissioner may only require insurance for which a rate has been filed by an insurance rating organization or insurer and which rate is in effect and which the commissioner finds, after a public hearing, to be reasonable, necessary, and in the public interest. The temporary provision of insurance may be required pending the public hearing if the commissioner determines it necessary to do so.

(b) The equitable distribution of applicants to participating members in accordance with the participation ratios defined in section 3303.

History: Add. 1969, Act 346, Eff. Apr. 1, 1970 ;-- Am. 1977, Act 53, Imd. Eff. July 5, 1977
Popular Name: Act 218
Popular Name: Essential Insurance

Section: Previous  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