sec.106Nominal Defendant

### sec.106 Nominal Defendant The Nominal Defendant under this Act succeeds to rights and liabilities of the Nominal Defendant under the former Act for personal injury arising out of motor vehicle accidents that happened before the commencement of this Act. If the insurer liable under a contract of insurance issued under the former Act becomes insolvent— the Nominal Defendant succeeds to the insolvent insurer’s rights and liabilities under the contract of insurance; and the provisions of this Act that apply to the insolvency of an insurer under a CTP insurance policy apply with any changes prescribed by regulation. The Motor Vehicle Insurance Nominal Defendant Fund established under the former Act is closed and the balance standing to its credit at the commencement of this Act must be dealt with as follows— an amount that is, in the State Actuary’s opinion, enough to meet liabilities of the Nominal Defendant under this section must be transferred to the Nominal Defendant Fund under this Act; any balance must be transferred to the Motor Accident Insurance Fund under this Act. If the amount paid to the credit of the Nominal Defendant Fund proves insufficient to meet the liabilities of the Nominal Defendant under this section, the commissioner must make payments from the Motor Accident Insurance Fund to meet the deficiency, but the total payments from the Motor Accident Insurance Fund under this section can not be more than the amount transferred to the fund under subsection (3). Section 33(5) further limits the total payments that may be made under subsection (4) from the Motor Accident Insurance Fund. s 106 amd 1997 No. 57 s 30 ; 2001 No. 85 s 7 (sec.106-ssec.1) The Nominal Defendant under this Act succeeds to rights and liabilities of the Nominal Defendant under the former Act for personal injury arising out of motor vehicle accidents that happened before the commencement of this Act. (sec.106-ssec.2) If the insurer liable under a contract of insurance issued under the former Act becomes insolvent— the Nominal Defendant succeeds to the insolvent insurer’s rights and liabilities under the contract of insurance; and the provisions of this Act that apply to the insolvency of an insurer under a CTP insurance policy apply with any changes prescribed by regulation. (sec.106-ssec.3) The Motor Vehicle Insurance Nominal Defendant Fund established under the former Act is closed and the balance standing to its credit at the commencement of this Act must be dealt with as follows— an amount that is, in the State Actuary’s opinion, enough to meet liabilities of the Nominal Defendant under this section must be transferred to the Nominal Defendant Fund under this Act; any balance must be transferred to the Motor Accident Insurance Fund under this Act. (sec.106-ssec.4) If the amount paid to the credit of the Nominal Defendant Fund proves insufficient to meet the liabilities of the Nominal Defendant under this section, the commissioner must make payments from the Motor Accident Insurance Fund to meet the deficiency, but the total payments from the Motor Accident Insurance Fund under this section can not be more than the amount transferred to the fund under subsection (3). (sec.106-ssec.5) Section 33(5) further limits the total payments that may be made under subsection (4) from the Motor Accident Insurance Fund. - (a) the Nominal Defendant succeeds to the insolvent insurer’s rights and liabilities under the contract of insurance; and - (b) the provisions of this Act that apply to the insolvency of an insurer under a CTP insurance policy apply with any changes prescribed by regulation. - (a) an amount that is, in the State Actuary’s opinion, enough to meet liabilities of the Nominal Defendant under this section must be transferred to the Nominal Defendant Fund under this Act; - (b) any balance must be transferred to the Motor Accident Insurance Fund under this Act.