Michigan Catastrophic Claim surcharge -change
Posted: Fri Aug 08, 2008 11:26 am
I was just made aware of a change in the rules for the MCCA surcharge on all automobiles insured in Michigan
The new rule is found in Michigan's commercial auto rules CA-GR-15 (9/08) The surcharge is now fully earned which will result in no return of any premium if the auto is cancelled mid term.
One of our carriers has already sent notice that this will take effect Sept 1st.
In light of Michigan's economy, this will be one more hit that the consumer will not appreciate.
Have you heard from your carriers?
The new rule is found in Michigan's commercial auto rules CA-GR-15 (9/08) The surcharge is now fully earned which will result in no return of any premium if the auto is cancelled mid term.
One of our carriers has already sent notice that this will take effect Sept 1st.
In light of Michigan's economy, this will be one more hit that the consumer will not appreciate.
Have you heard from your carriers?