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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-7 CHAPTER 7 RESERVE STANDARDS FOR DISABILITY INSURANCE (500.701...500.737)
Section 500.702 Health insurance reserves; determination of adequacy; basis.
Universal Citation: MI Comp L § 500.702 (2017)
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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