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Some states PIP is the insurance of first resort to pay for medical bills when injured in an automobile accident. [2] In some states, PIP is subrogatable, meaning that your insurance carrier will pay for your loss, regardless of liability, and then recover (or subrogate) what it paid from the liable party's insurance carrier. [3]
Like all no-fault states, Michigan sets minimum requirements for no-fault personal injury protection (PIP) insurance, which helps to cover certain medical costs and lost wages associated with car ...
Subrogation is the assumption by a third party (such as a second creditor or an insurance company) of another party's legal right to collect debts or damages. [1] It is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of another for their own benefit. [2]
On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]
The last time of insurance that is part of a no-fault policy is residual bodily injury and property damage liability. The minimum coverage levels for this are 20/40/10.
24 states originally enacted no-fault laws in some form between 1970 and 1975; several of them have repealed their no-fault laws over time. Colorado repealed its no-fault system in 2003. Florida's no-fault system sunsetted on 1 October 2007, but the Florida legislature passed a new no-fault law which took effect 1 January 2008.
The United States District Court for the Eastern District of Michigan (in case citations, E.D. Mich.) is the federal district court with jurisdiction over the eastern half of the Lower Peninsula of the State of Michigan. The Court is based in Detroit, with courthouses also located in Ann Arbor, Bay City, Flint, and Port Huron.
The Michigan Public Service Commission (MPSC) is a regulatory agency which regulates public utilities in the state of Michigan, including electric power, telecommunications, and natural gas services. The MPSC's headquarters are located in Lansing, Michigan .