Senate Bill 1143: Michigan Government Restricts no-fault auto insurance gamesmanship
Michigan No-fault Bill to restrict gamesmanship was introduced by Sen. Roger Kahn (R) on May 24, 2012, to require Michigan Catastrophic Claims Association (MCCA) auto insurance premium surcharges to be paid up front for the entire period of a policy, rather than pro-rated by installment payment, and prohibit an MCCA refund if the person cancels his or her insurance.
The change in the Michigan no-fault insurance is intended to prevent individuals from purchasing a policy required under Michigan no-fault insurance law in order to register a vehicle, and then cancelling it after he or she gets the license plate or tab. MCCA is a reinsurance provider established by the no-fault law that covers unlimited vehicle accident medical claims above $500,000.
Referred to the Senate Insurance Committee on May 24, 2012. Michigan Government Bill Details