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Premium reserves; computation.

MCL 500.715
in effect
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500.715. Premium reserves; computation. Sec. 715. The insurer may employ suitable approximations and estimates in computing premium reserves including, but not limited to, groupings, averages, and aggregate estimation. The insurer should test periodically the approximations or estimates to determine their continuing adequacy and reliability. Add. 1994, Act 148, Imd. Eff. June 7, 1994 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-715Fetched: 10/20/2026

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