500.3385 Recoupment of assessments; surcharge; rate including factor for recoupment.
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500.3385 Recoupment of assessments; surcharge; rate including factor for recoupment.
Sec. 3385.
Any assessments paid by participating members pursuant to section 3330(1)(c) may be recouped through a surcharge in the insurers rates for automobile insurance policies issued by the member, including policies issued on behalf of the facility. A rate shall not be considered excessive because the rate includes a factor for recoupment pursuant to this section.
History: Add. 1979, Act 145, Eff. Jan. 1, 1981
Popular Name: Act 218
Popular Name: Essential Insurance