About Consumer Information Financial Reports Oversight Press Releases December 03, 2021 Press Releases Most Recent PRESS RELEASE - November 3, 2021 Articled last month MCCA Board Announces Support for Consumer Refunds Resulting from Auto No-fault Reforms. PRESS RELEASE - November 25, 2020 Articled last year The Michigan Catastrophic Claims Association (“MCCA”) is lowering the assessment charged per vehicle to $86.00 for the period beginning July 1, 2021 through June 30, 2022. PRESS RELEASE - November 13, 2019 Articled 2 years ago The Michigan Catastrophic Claims Association (“MCCA”) is lowering the assessment charged per vehicle to $100 for the period beginning July 2, 2020 through June 30, 2021. PRESS RELEASE - March 27, 2019 Articled 3 years ago The Michigan Catastrophic Claims Association (the MCCA) assessment to insurance companies will be $220.00 per insured vehicle effective July 1, 2019 to June 30, 2020. PRESS RELEASE - March 29, 2018 Articled 4 years ago The Michigan Catastrophic Claims Association (the MCCA) assessment to insurance companies will be $192.00 per insured vehicle effective July 1, 2018 to June 30, 2019. Read More » Copyright 2021 by Michigan Catastrophic Claims Association | Privacy Statement | Terms Of Use | Contact Us

About Consumer Information Financial Reports Oversight Press Releases December 03, 2021 Oversight The MCCA files annual financial statements with the Department of Insurance and Financial Services (DIFS) An independent auditor audits the MCCA’s financial statements on an annual basis DIFS conducts financial audits of the MCCA every five years. DIFS engages an independent actuary to review the work of MCCA’s actuaries and issues a report DIFS has the right to examine any and all of the MCCA’s operations and the Director and/or his designated representative attends all Board meetings The MCCA completes an Annual Financial Reporting Model Audit Regulation compliance audit on an annual basis which reviews internal financial controls and files a report of internal controls with DIFS MCCA engages an independent actuary to estimate the sufficiency of reserves The MCCA Actuarial Committee, comprised of eight credentialed actuaries, reviews the report and recommendation by the independent actuary The MCCA has implemented a Premium Audit Program to audit and verify assessable exposure information submitted by member companies The MCCA has retained an investment consultant to review the economic assumptions used by the MCCA independent actuary on an annual basis Oversight Document Copyright 2021 by Michigan Catastrophic Claims Association | Privacy Statement | Terms Of Use | Contact Us