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2006 Michigan Compiled Laws - CHAPTER 8 ASSETS AND LIABILITIES (500.808...500.842)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 8
ASSETS AND LIABILITIES

DocumentDescription
Section 500.808Stock or mutual insurers; unearned premium reserves, pro rata basis, computation.
Section 500.810Reserves; computation; additional reserves; plan to restore compliance; effect of noncompliance; examination of reserve practices and investment incomes.
Section 500.811Repealed. 1994, Act 148, Imd. Eff. June 7, 1994.
Section 500.812Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.813Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section 500.814Certification of loss reserves.
Section 500.815Computation of unearned premium reserve on mortgage guaranty insurance.
Section 500.815aEstablishment of contingency reserve by mortgage guaranty insurer.
Section 500.816Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.817Repealed. 1966, Act 221, Imd. Eff. July 11, 1966.
Section 500.818, 500.822Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.830Life insurance policies and annuity and pure endowment contracts; annual valuation of reserves; limitation; certification; valuation fee; applicability of subsection (2); adopting lower standard of valuation; valuation of business of foreign cooperative or assessment insurer; reserves.
Section 500.830aLife insurance; actuary opinion; form; submission to commissioner; liability of actuary; "qualified actuary" defined; limitation; public hearing; effective date of section.
Section 500.831Domestic insurer's business in foreign country; variance of mortality standard.
Section 500.832Valuation of life insurance policies and contracts issued before operative date of standard nonforfeiture law.
Section 500.834Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves.
Section 500.835Valuation of individual annuity and pure endowment contracts; minimum standard; notice of election to invoke section; failure to make election.
Section 500.836Calendar year statutory valuation interest rates; use; determination; weighting factors; "reference interest rate" defined; alternative method for determination of reference interest rate; changes to policy or contract forms; computing reference interest rate for calendar year 1986.
Section 500.837Definitions; valuation requirements for universal life insurance policies.
Section 500.838Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
Section 500.839Capital notes.
Section 500.840Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.841Valuation of certain bonds or other evidences of debt.
Section 500.842Valuation of certain securities, stocks, or shares.

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