(i) Security required pursuant to section 3101. See Michigan Laws 500.3303

Commissioner: means the director. See Michigan Laws 500.102

Department: means the department of insurance and financial services. See Michigan Laws 500.102

Facility: means the automobile insurance placement facility created pursuant to this chapter. 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

Participating member: means an insurer who is required by this chapter to be a member of the facility and who in any given calendar year has a participation ratio greater than zero in the facility for that year. See Michigan Laws 500.3303

Participation ratio: means the ratio of the participating member's Michigan premiums or exposure units to the comparable statewide totals for all participating members, as follows:

  (i) For private passenger nonfleet automobile insurance, for distribution of risk or distribution of loss, the ratio shall be based on voluntary net direct automobile insurance car years written in this state for the calendar year ending December 31 of the second prior year as reported to the statistical agent of each participating member as private passenger nonfleet exposure. See Michigan Laws 500.3303

person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l

Private passenger nonfleet automobile: means a motorized vehicle designed for transporting passengers or goods, subject to specific contemporary definitions for insurance purposes as provided in the plan of operation. See Michigan Laws 500.3303

Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.

Rate: means the cost of insurance per payroll before adjustment for an individual insured's size, exposure, or loss experience. See Michigan Laws 500.2402

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