Michigan DIFS Bulletin 2006-10-INS

STATE OF MICHIGAN

DEPARTMENT OF LABOR AND ECONOMIC GROWTH

OFFICE OF FINANCIAL AND INSURANCE SERVICES

Bulletin 2006-10-INS

In the matter of annual adjustment of the

maximum work loss benefit payable under

policies of personal protection insurance /

Issued and entered

this 22nd day of August 2006

by Linda A. Watters

Commissioner

INFORMATIONAL STATEMENT AND PROCEDURAL GUIDELINES ISSUED

PURSUANT TO ACT 306 OF THE PUBLIC ACTS OF 1969 AS AMENDED

Section 3107(1)(b) of the Insurance Code of 1956, 1956 PA 218, MCL 500.3107;

requires that the Commissioner annually adjust the maximum work loss benefit payable

under policies of personal protection insurance. This adjustment is to be made

pursuant to Administrative Rule R 500.811, and reflects changes in the cost of living.

Each adjustment is to be effective on October 1 of that year and is to apply only to

benefits rising out of accidents occurring subsequent to the date of change in the

maximum.

Accordingly, the new maximum work loss payment effective October 1, 2006 through

September 30, 2007 is $4,589 per month. The new maximum also applies to survivor’s

loss benefits.

Work loss benefits for recent years are as follows:

October 1, 2002 through September 30, 2003 - $4,070 per month

October 1, 2003 through September 30, 2004 - $4,156 per month

October 1, 2004 through September 30, 2005 - $4,293 per month

October 1, 2005 through September 30, 2006 - $4,400 per month

October 1, 2006 through September 30, 2007 - $4,589 per month

This bulletin supersedes Bulletin 2005-17-INS.

Any questions regarding this bulletin should be directed to:

Office of Financial and Insurance Services

611 W. Ottawa Street

P.O. Box 30220

Lansing, Michigan 48909-7720

Toll Free: (877) 999-6442

________________________________________

Linda A. Watters

Commissioner of Financial and Insurance Services