Skip to main content
Find a Lawyer

Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.1128

Current as of February 09, 2022 | Updated by FindLaw Staff

Sec. 8. At the end of each year, the university shall file the following information with the state insurance bureau:

(a) The annual expected loss for the next accident year, which shall be computed together with an accounting of the indemnification reserve fund.

(b) The status of the indemnification reserve fund, which shall be computed as the sum of the following:

(i) All previous payments from the university.

(ii) All previous payments from third party reimbursers.

(iii) Any balance due from third party reimbursers.

(c) The status of the paid and expected aggregate loss, which shall be computed as the sum of the following:

(i) Aggregate incurred loss reserves.

(ii) Aggregate incurred but not reported loss reserves.

(iii) Aggregate paid loss from all past periods, including current year.

(iv) Actual expenses paid or incurred with respect to the indemnification program.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.1128 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-390-universities-and-colleges/mi-comp-laws-390-1128/

Read this complete Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.1128 on Westlaw. Westlaw subscription required.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Michigan Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard