Michigan’s Safety Net for the Protection of the Insured
The Michigan Property and Casualty Guaranty Association (MPCGA) is an unincorporated association of all property and casualty insurers authorized to transact insurance in Michigan. MPCGA was created by an act of the Michigan Legislature, ‘MCL 500.7901’ et seq., in order to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. When a member insurer becomes insolvent, MPCGA has a duty to pay certain obligations of the insolvent insurer that come within the Act’s definition of covered claims. MPCGA does not handle claims arising out of life or disability insurance or annuity contracts.
The MPCGA is not an insurance company, and the statutory coverage provided may not coincide with the coverage available under the policy of the insolvent carrier.
MPCGA posts relevant news as it pertains to insolvencies including assessments, covered claims exclusions, net worth and unearned premiums limitations.
To obtain funds to pay covered claims, MPCGA assesses member companies based on a percentage of the net direct premiums written in Michigan.
The statutes of the MPCGA, created by the Michigan State Legislature, MCL 500.7901 et. seq.
Click on view to see the most current insolvent insurance companies handled by MPCGA.
Links to the assorted relative insurance industry websites involving issues covered by the MPCGA.
The purpose of our website is to provide general information about MPCGA. Additional questions can be answered by contacting us.
What is the MPCGA? How is MPCGA different from an insurance company? These question and more are answered here.