MI HB6095

Removes the requirement that insurance companies pass catastrophic claims association premiums to vehicle owners, eliminating direct premium charges to drivers starting on the effective date of the amendatory act.

Changes premium collection from individual insurers to the Secretary of State, who will collect state average premiums annually for regular vehicles and historic vehicles.

Maintains the catastrophic claims association as an unincorporated nonprofit association providing 100% indemnification for personal protection insurance losses exceeding specified thresholds ($250,000 to $500,000+ depending on policy issue date, with biennial increases up to 6% or the consumer price index).

Requires all insurers writing personal protection insurance in Michigan to remain members of the association and bound by its plan of operation, with a board of 5 directors appointed by the department director overseeing association operations.

Establishes that premiums charged to members are due immediately upon the effective date of this amendment, with the association subject to the same reporting, loss reserve, and investment requirements as its member insurers.