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MI SB1323
Bill
AI Summary
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Group self-insurance pools are recognized as self-insurers for motor vehicle security under Michigan Insurance Code sections 3101 and 3101d.
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Members of a group self-insurance pool participating in motor vehicle self-insurance are considered to meet security requirements and are exempt from applying for individual certificates of self-insurance.
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Group self-insurance pools providing motor vehicle security must become members of the catastrophic claims association created under Insurance Code section 3104.
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Effective date is January 1, 2013.
Legislative Description
Insurance; no-fault; act allowing municipal self-insurance pools; amend to reflect transfer of duties regarding self-insurers from the secretary of state to the insurance commissioner. Amends sec. 9 of 1951 PA 35 (MCL 124.9).
State agencies (existing), state
Last Action
Assigned Pa 0571'12 With Immediate Effect 2012 Addenda
12/31/2012