For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve.

MCL 500.707
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
500.707. Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve. Sec. 707. (1) The maximum interest rate for claim reserves related to health insurance benefits other than disability income is that rate specified in section 733. (2) The claim reserve shall be based upon the insurer's experience if such experience is considered credible or upon other assumptions designed to place a sound value on the liabilities. 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-500-707Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements