October 29, 2013, Introduced by Rep. Heise 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 an
insurer
engaged in writing insurance coverages which that provide
the
security required by section 3101(1) within or 3103(1) 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
$2.00
multiplied by the insurer's total earned
written car years of
insurance
providing that provides the security required by section
3101(1), including insurance that provides security for vehicles
described in section 7 of the Michigan vehicle code, 1949 PA 300,
MCL 257.7, or security required by section 3103(1) written in this
state
during the immediately preceding calendar year.
(2)
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 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 financial support to the department of state police
and local law enforcement agencies for economic automobile theft
enforcement teams.
(ii) Provide financial support to state or local law
enforcement agencies for programs designed to reduce the incidence
of economic automobile theft.
(iii) Provide financial support to local prosecutors for
programs designed to reduce the incidence of economic automobile
theft.
(iv) Provide financial support to judicial agencies for
programs designed to reduce the incidence of economic automobile
theft.
(v) Provide financial support for neighborhood or community
organizations or business organizations for programs designed to
reduce the incidence of automobile theft.
(vi) Conduct 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 The authority shall
only use money in the automobile
theft
prevention fund shall only be used for automobile theft
prevention
efforts and shall be distributed distribute the money
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.