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Michigan Auto - Bulletin 2021-16-INS - Fee Schedule CPI Adjustment

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TitleMichigan Auto - Bulletin 2021-16-INS - Fee Schedule CPI Adjustment
SummarySupersedes Bulletin 2021-10-INS - to clarify that CPI adjustments apply to all amounts payable under MCL 500.3157(7) and MCL 500.3157(8) that were in effect on January 1, 2019.
StateMichigan
Source Published Date3/23/2021
Status 
Content
STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES  
 
Bulletin 2021-16-INS 
 
In the matter of: Auto Insurance: Fee Schedule CPI Adjustment 
Issued and entered this 23rd day of March 2021 by Anita G. Fox  Director 

Supersedes Bulletin 2021-10-INS - to clarify that CPI adjustments apply to all amounts payable under MCL 500.3157(7) and MCL 500.3157(8) that were in effect on January 1, 2019. 

Public Acts 21 and 22 of 2019 amended Section 3157 of the Insurance Code, MCL 500.3157, to add a medical provider fee schedule. The fee schedule requires the Director to adjust the amounts payable that are to be applied under MCL 500.3157(7) or MCL 500.3157(8) on an annual basis by the percentage change in the medical component of the Consumer Price Index for the year preceding the adjustment. See MCL 500.3157(9). 
 
This bulletin informs interested parties that any amount payable under MCL 500.3157(7) or MCL 500.3157(8), that was in effect on January 1, 2019, shall be increased by 4.11% for dates of service July 2, 2021 through July 1, 2022. 
 
Line of businessAuto 1st Party
MiWiki Content TypeJurisdictional Updates
Service TypesBill Review
URL NameMichigan-Auto

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