Frequently Asked Questions About Michigan Auto Reform
Michigan Catastrophic Claims Association refund
Recently, the Michigan Catastrophic Claims Association (MCCA) Board voted unanimously to return approximately $3.0 billion of its estimated surplus to its member insurance companies, to be distributed to policyholders this spring.
Below are answers to frequently asked questions about this refund and the refund process for individuals and businesses
Who is eligible for this refund?
All eligible vehicles that were insured as of October 31, 2021 will receive a refund, as long as the vehicle was covered by a policy that meets the minimum insurance requirements for operating a vehicle on Michigan roads. Eligible vehicles include private passenger (including historic), motorcycles (including historic), motorhomes and commercial fleet vehicles. Ineligible vehicles include those with comp only coverage on October 31, 2021, trailers, ATVs, dune buggies and snowmobiles.
The surplus funds will be transferred to insurance carriers operating in Michigan by March 9, 2022. Upon receipt of the funds, Insurance Companies will begin the process of issuing refunds, which will be distributed to policyholders by May 8 or no later than 60 days after the transfer.
Refunds will be distributed by Insurance Companies via check or direct deposit, depending on your current payment method for the policy. Current policies on EFT will receive a direct deposit, and all other customers will receive a mailed check. Policies that were insured with Insurance Companies on October 31, 2021 but have since canceled will receive a mailed check.
Do I need to do anything to get my refund?
No. If you are eligible to receive a refund, you do not have to do anything to receive it. All vehicles that were insured as of October 31, 2021 are eligible to receive a refund, as long as the vehicle meets the minimum insurance requirements for operating a vehicle on Michigan roads.
The refund will be $400 per eligible car or motorcycle, and $80 per historical vehicle.
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