MI HB4895

Amends the catastrophic claims association statute to prohibit the association from reducing indemnification to member insurers based on payments or recoveries from policyholders' self-insured retentions, deductibles, or reinsurance arrangements.

Requires the association to provide 100% indemnification for ultimate losses under personal protection insurance coverages exceeding specified thresholds, with thresholds increasing from $250,000 (pre-July 1, 2002) to $500,000 (July 1, 2011 through June 30, 2013).

Beginning July 1, 2013, establishes biennial increases to the $500,000 threshold on odd-numbered years by the lesser of 6% or the consumer price index, rounded to the nearest $5,000.

Changes grammatical language from "shall be" to "is" regarding member binding requirements and board responsibility, without substantive change to legal obligations.

Maintains existing provisions regarding member premiums calculated by written car years, historic vehicle premium reductions at 20% of standard rate, and association governance through a 5-member board appointed by the insurance commissioner.