Date of Release: August 8, 2022
State: Michigan
Effective Date: October 1, 2022 — New and Renewal APV and ACV Business
The increase is based on the average of the methods used to analyze the Michigan Assigned Claims Facility Assessment, which showed a significant increase due to auto no-fault insurance reform and an increase in individuals entering the pool.
The assessment is increasing to $48.00 annually per vehicle for both Personal Auto and Commercial Auto policies.
Personal Auto Declaration pages list out the assessments separately, with the MACF included in the “Other Assessments” category:
Commercial Auto Declaration pages have all mandatory assessments listed as one Statutory Assessment charge, which is the amount that will reflect the increase.
Please contact your Personal Lines or Commercial Lines Underwriters with any questions.
Thank you for your business.
This bulletin does not change the language of any policy. If there is a conflict between this bulletin and the policy language, the policy language will apply.