May 24, 2016, Introduced by Senator JONES and referred to the Committee on Insurance.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
by amending section 6107 (MCL 500.6107), as added by 1992 PA 174.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
6107. (1) Prior to Before April 1 of each year, each
insurer
engaged in writing insurance coverages which that provide
the
security required by section 3101(1) within in this
state, as a
condition of its authority to transact insurance in this state,
shall pay to the authority an assessment equal to $1.00 multiplied
by
the insurer's total earned written
car years of insurance
providing the security required by section 3101(1) written in this
state
during the immediately preceding calendar year.
(2)
Money The authority shall
segregate and deposit money
received
pursuant to under subsection (1), and all other money
received
by the authority, shall be segregated and placed in a fund
to be known as the automobile theft prevention fund. The authority
shall
administer the automobile theft
prevention fund. shall be
administered
by the authority.
(3)
Money The authority shall
expend money in the automobile
theft
prevention fund shall be expended in the following order of
priority:
(a) To pay the costs of administration of the authority.
(b) To achieve the purposes and objectives of this chapter,
which may include, but not be limited to, the following:
(i) Provide Providing financial support
to the department of
state police and local law enforcement agencies for economic
automobile theft enforcement teams.
(ii) Provide Providing financial support
to state or local law
enforcement agencies for programs designed to reduce the incidence
of economic automobile theft.
(iii) Provide Providing financial support
to local prosecutors
for programs designed to reduce the incidence of economic
automobile theft.
(iv) Provide Providing financial support
to judicial agencies
for programs designed to reduce the incidence of economic
automobile theft.
(v) Provide Providing financial support
for neighborhood or
community organizations or business organizations for programs
designed to reduce the incidence of automobile theft.
(vi) Conduct Conducting educational
programs designed to
inform automobile owners of methods of preventing automobile theft
and to provide equipment, for experimental purposes, to enable
automobile owners to prevent automobile theft.
(4)
Money in the automobile theft prevention fund shall must
only
be used for automobile theft prevention efforts and shall must
be distributed based on need and efficacy as determined by the
authority.
(5)
Money in the automobile theft prevention fund shall is not
be
considered state money.
(6) As used in this section, "written car year" means the
portion of a year during which a vehicle is insured as determined
by the catastrophic claims association and used to calculate
premium charges under section 3104.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.