2006 Michigan Compiled Laws - Mich. Comp. Laws § 500.702 Health insurance reserves; determination of adequacy; basis.

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956


500.702 Health insurance reserves; determination of adequacy; basis.

Sec. 702.

The adequacy of an insurer's health insurance reserves shall be determined only on the combined basis of claim, premium, and contract reserves and not on any 1 or 2 of these categories alone.


History: Add. 1994, Act 148, Imd. Eff. June 7, 1994
Popular Name: Act 218



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