Michigan Compiled Laws § 500.725 Reinsurance; Determination Of Increases To, Or Credit Against, Reserves.

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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Last modified: October 10, 2016