Metry, Metry, Sanom & Ashare v. Michigan Property & Casualty Guaranty Ass'n

The Michigan Property and Casualty Guaranty Association Act (hereinafter referred to as the "Act”), 1969 PA 277,1 was enacted to provide a guarantee to both insureds and parties injured by insureds that insurance claims would not become uncollectible if an insurer became insolvent. The Michigan Property and Casualty Guaranty Association (hereinafter referred to *228as the "Association”) was created by the Act. The Association has the statutory obligation to pay and discharge in full those obligations of an insolvent insurer which come within the definition of "covered claims”.2

This legislation…