The association is authorized to provide a rate increase or assessment on policyholders which is subject to the approval of the director or his designee.
HISTORY: 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 830; 2019 Act No. 67 (H.3760), Section 1, eff May 16, 2019.
Effect of Amendment
2019 Act No. 67, Section 1, inserted "on policyholders" following "rate increase or assessment".
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