Section 500.3385 - Recoupment of assessments; surcharge; rate including factor for recoupment.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
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