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Michigan Compiled Laws, Chapter 500. Insurance Code of 1956 § 500.707

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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.  1

(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.

1  M.C.L.A. § 500.733.

Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 500. Insurance Code of 1956 § 500.707 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-500-insurance-code-of-1956/mi-comp-laws-500-707/


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