(1) Every insurer authorized to write automobile insurance in this state shall participate in an organization for the purpose of doing all of the following:
  (a) Providing the guarantee that automobile insurance coverage will be available to any person who is unable to procure that insurance through ordinary methods.

Terms Used In Michigan Laws 500.3301

  • Automobile insurance: means insurance for automobiles which provides any of the following:
  (i) Security required pursuant to section 3101. See Michigan Laws 500.3303
  • Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
    •   (b) Preserving to the public the benefits of price competition by encouraging maximum use of the normal private insurance system.
      (2) The organization created under this chapter shall be called the “Michigan automobile insurance placement facility”.
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