Michigan Compiled Laws § 500.707 Health Insurance Benefits Other Than Disability Income; Claim Reserves Maximum Interest Rate; Basis Of Claim Reserve.

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.

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

Section: Previous  500.701  500.702  500.703  500.705  500.707  500.709  500.711  500.713  500.715  500.717  500.719  500.721  500.723  500.725  500.729  Next

Last modified: October 10, 2016