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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.702 Health insurance reserves; determination of adequacy; basis.

57 words·~1 min read·/mi/chapter-500/500-702

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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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