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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 500.725 Reinsurance; determination of increases to, or credit against, reserves.
Universal Citation: MI Comp L § 500.725 (2017)
500.725 Reinsurance; determination of increases to, or credit against, reserves.
Sec. 725.
Increases to, or credits against, reserves carried arising because of reinsurance assumed or reinsurance ceded, shall be determined in a manner consistent with minimum reserve standards described in this chapter and with all applicable provisions of the reinsurance contracts that affect the insurer's liabilities.
History: Add. 1994, Act 148, Imd. Eff. June 7, 1994
Popular Name: Act 218
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