Michigan Compiled Laws 218-1956-33 Chapter 33 Automobile Insurance Placement Facility (500.3301...500.3390)

• Section 500.3301 Michigan Automobile Insurance Placement Facility; Purpose; Participation.
  (1) Every insurer authorized to write automobile insurance in this state shall participate in an organization for the purpose of doing all of the...
• Section 500.3303 Definitions.
  As used in this chapter: (a) “Automobile insurance” means insurance for automobiles which provides any of the following: (i) Security required pursuant to section...
• Section 500.3310 Board Of Governors Of Facility; Election And Appointment Of Governors; Representation Of Insurance Agents And General Public; Terms; Vacancies; Adoption Of Plan Of Operation By Facility Committee; Approval Of Plan; Amendments And Adherence To Plan.
  (1) The board of governors of the facility shall consist of 11 governors. Seven of the governors shall be elected as provided in the...
• Section 500.3315 Repealed. 1991, Act 191, Eff. Apr. 1, 1992.
  Compiler's Notes: The repealed section pertained to a program to reduce participation ratio, definition of urban area, and the effective repeal date. Popular Name: Act...
• Section 500.3320 Private Passenger Nonfleet Automobiles; Duties Of Facility; Insurance Requirements.
  (1) The facility, with respect to private passenger nonfleet automobiles, shall provide for all of the following: (a) The equitable distribution of applicants to...
• Section 500.3321 Automobiles Not Included In Mcl 500.3320; Insurance Required; Equitable Distribution Of Applicants To Participating Members.
  The facility shall provide, with respect to all automobiles not included in section 3320: (a) Only the insurance required by law or required by...
• Section 500.3330 Board Of Governors; Powers Generally; Establishment Of Automatic Data Processing System.
  (1) The board of governors has the power to direct the operation of the facility, including, at a minimum, the power to do all...
• Section 500.3340 Filing Of Classifications, Rules, Rates, And Amendments Thereto; Approval; Use Of Rates And Rules; Certain Laws Inapplicable; Requirements For Private Passenger Nonfleet Automobile Rates.
  (1) As agent for participating members, the facility shall file with the commissioner every manual of classification, every manual of rules and rates, every...
• Section 500.3341 Coverage For Certain Convictions; Premium Surcharges.
  As part of its secondary or merit rating plan, the facility shall provide for premium surcharges for any or all coverages, other than comprehensive...
• Section 500.3350 Additional Duties Of Facility.
  The facility shall provide for all of the following: (a) One or more optional deferred premium payment plans, which shall require an advance payment...
• Section 500.3355 Agent; Duties; Disqualification By Facility; Notice; Request For Hearing; Ruling By Board Of Governors; Appeal; Prohibited Conduct By Disqualified Agent; Standards And Procedures.
  (1) Every agent who is authorized to solicit, negotiate, or effect automobile insurance on behalf of any participating member shall: (a) Offer to place...
• Section 500.3360 Participating Member And Agent; Relationship.
  A participating member may not include the premiums and losses incurred from risks insured through the facility in determining the loss ratio of any...
• Section 500.3365 Eligibility For Automobile Insurance; Requesting Assignment, Rejecting Assignment, Or Requesting Reassignment; Notice Of Statutory Eligibility Standards.
  (1) Any qualified applicant shall be eligible for automobile insurance as provided by this chapter through the facility. (2) Any qualified applicant shall have...
• Section 500.3370 Assistance In Applying To Facility For Placement.
  If the commissioner finds, after a hearing, held pursuant to Act No. 306 of the Public Acts of 1969, as amended, or if the...
• Section 500.3380 Hearing And Ruling By Board Of Governors; Grounds; Applicability Of Right To Hearing; Filing Request For Hearing; Hearing To Be Prompt And Fair; Appeal; Order.
  (1) Any participating member, applicant, or person insured under a policy placed through the facility may request a formal hearing and ruling by the...
• Section 500.3385 Recoupment Of Assessments; Surcharge; Rate Including Factor For Recoupment.
  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...
• Section 500.3390 Determinations Made By Commissioner.
  Determinations made by the commissioner pursuant to this chapter shall be made independent of the credits provided to insurers pursuant to the former single...

Last modified: October 10, 2016