Sec. 3321.
The facility shall provide, with respect to all automobiles not included in section 3320:
(a) Only the insurance required by law or required by the commissioner of insurance. The commissioner may only require insurance for which a rate has been filed by an insurance rating organization or insurer and which rate is in effect and which the commissioner finds, after a public hearing, to be reasonable, necessary, and in the public interest. The temporary provision of insurance may be required pending the public hearing if the commissioner determines it necessary to do so.
(b) The equitable distribution of applicants to participating members in accordance with the participation ratios defined in section 3303.
History: Add. 1969, Act 346, Eff. Apr. 1, 1970 ;-- Am. 1977, Act 53, Imd. Eff. July 5, 1977 Popular Name: Act 218Popular Name: Essential Insurance
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-33 - Chapter 33 Automobile Insurance Placement Facility (500.3301...500.3390)
Section 500.3301 - Michigan Automobile Insurance Placement Facility; Purpose; Participation.
Section 500.3303 - Definitions.
Section 500.3315 - Repealed. 1991, Act 191, Eff. Apr. 1, 1992.
Section 500.3341 - Coverage for Certain Convictions; Premium Surcharges.
Section 500.3350 - Additional Duties of Facility.
Section 500.3360 - Participating Member and Agent; Relationship.
Section 500.3370 - Assistance in Applying to Facility for Placement.
Section 500.3385 - Recoupment of Assessments; Surcharge; Rate Including Factor for Recoupment.