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. This is intended to prevent individuals from purchasing a policy required under Michigan’s 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.
2012 Senate Bill 1143 (Restrict no fault auto insurance gamesmanship ) by admin on May 29, 2012 Introduced in the Senate on May 24, 2012