about mccaLegal Framework
How We Began
The MCCA was created by Michigan Compiled Laws Section 500.3104, which established the nonprofit association as part of the state's no-fault auto insurance system.
The statute requires all auto insurers doing business in Michigan to become members of the MCCA. This creates a shared responsibility system where catastrophic claims are funded collectively rather than by individual companies.
The statute also requires that the MCCA establish operating procedures and provide requirements for financial oversight and reporting.
Regulatory Oversight
The Michigan Department of Insurance and Financial Services (DIFS) provides ongoing regulatory oversight of the MCCA.
DIFS performs regular examinations to review our financial health, business practices and internal controls. These reviews ensure we meet legal requirements and maintain adequate reserves to fund future claims.
In addition to state oversight, independent actuaries review our reserves each year, and external auditors verify our financial statements. This multi-layered approach promotes accountability and protects the interests of injured individuals and Michigan policyholders.
Governing Documents & Resources
Access key documents, statutes and regulatory filings related to the MCCA's operations and Michigan's catastrophic claims system.