Michigan

Michigan Issues Bulletin Regarding PIP Choice and Bodily Injury Coverage Limits Forms

Mar 13, 2025 / by AAIS posted in Compliance, Michigan

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On February 24, 2025, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2025-07-INS, which supersedes Bulletin 2023-11-INS, to issue a revised version of the Michigan Selection of Personal Injury Protection (PIP) Medical Coverage Form and reissue the Choice of Bodily Injury Liability Form.

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MCCA Issues New Assessment Fee for 2025-2026

Feb 25, 2025 / by AAIS posted in Compliance, Michigan

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The Michigan Catastrophic Claims Association (MCCA) has released their annual assessment fee notice. The below message was sent out in SERFF regarding the assessment fee: 

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Michigan Issues Superseding Bulletin Regarding Depreciation of Nontangible Items

Nov 15, 2024 / by AAIS posted in Compliance, Michigan

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On November 8, 2024, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2024-26-INS, which supersedes Bulletin 2024-18-INS, regarding the depreciation of labor and other nontangible items that may be included in some insurance policies' definition of Actual Cash Value (ACV).

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Michigan Issues Bulletin Regarding Depreciation of Nontangible Items

Jul 17, 2024 / by AAIS posted in Compliance, Michigan

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On July 3, 2024, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2024-18-INS regarding the depreciation of labor and other nontangible items that may be included in some property insurance policies' definition of Actual Cash Value (ACV).

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Michigan Adjusts Minimum Claims Amount for Homeowners Nonrenewals

Apr 5, 2024 / by AAIS posted in Compliance, Michigan

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On March 27, 2024, the Michigan Department of Insurance and Financial Services (DIFS) released Bulletin 2024-02-INS, updating the minimum dollar amount of the three-year claim history to be used for nonrenewal of a home insurance policy, effective on January 1, 2024.

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