{"data":{"id":"us-mi/mich.-comp.-laws-500.3350","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.3350","heading":"Additional duties of facility.","body":"Sec. 3350.\n\nThe facility shall provide for all of the following:\n\nOne or more optional deferred premium payment plans, which shall require an advance payment at least equal to 25% of the total premium or $100.00, whichever is greater.\n\nThat policies issued on facility placed business may be indorsed to exclude coverage for any named person who is operating a motor vehicle after his or her driver's license has been refused, revoked, or suspended by governmental authority other than pursuant to section 310, 310b, 310d, 315, 321a, 324, 328, 512, 515, 625, 625b, 625f, 748, 801c, or 907 of Act No. 300 of the Public Acts of 1949, as amended.\n\nFor publicizing and developing public understanding of the facility.\n\nFor the rendering of an annual financial statement to all participating members and the commissioner.\n\nFor the reinsurance of facility placed risks including, if desired, a pool for reinsuring automobile insurance coverages with limits in excess of those required by statute, or such other underwriting arrangements as may be necessary to enable participating members to offer said limits of liability insurance.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-3350","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"778d9d8622152bc041d6f32033f8fdead2e26d51587fdf4b709a190a0ac151bc","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.3341","next":"us-mi/mich.-comp.-laws-500.3355"},"notice":"GroundRules: Original legal text. Not legal advice."}