RALPH B. GUY, Jr., Circuit Judge.
Plaintiff, Preferred Risk Mutual Insurance Company (Preferred), sought a declaratory judgment against the Michigan Catastrophic Claims Association (Association) for indemnification of benefits paid under a policy issued to a nonresident of Michigan. Plaintiff argued that, in accordance with Mich.Comp.Laws Ann. § 500.3104(2) (West 1983), the Association was liable to it for indemnification of one hundred percent of the loss sustained...
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