Introduced
by
To require the Michigan Catastrophic Claims Association to publically disclose the formula used to determine its auto insurance surcharges, and the amount charged to individual insurance companies. The MCCA is the private entity established to provide reinsurance to cover the liability of individual auto insurance companies to pay unlimited medical claims above $500,000 per incident, which they are required to pay under the state no-fault auto insurance law.
Referred to the Committee on Insurance
