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U.S. State Codes
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Michigan
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Chapter 500 - Insurance Cod...
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Act 218 of 1956 The Insuran...
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218-1956-7 Chapter 7 Reserve Standards for Disa...
218-1956-7 Chapter 7 Reserve Standards for Disability Insurance (500.701...500.737)
Section 500.701 Definitions.
Section 500.702 Health Insurance Reserves; Determination of Adequacy; Basis.
Section 500.703 Claim Reserves and Claim Expense Reserves Required; Conditions; Testing for Adequacy and Reasonableness.
Section 500.705 Disability Income Claim Reserves; Maximum Interest Rate; Morbidity Standards Specified in Rules; Exception; Group Disability Income Claim Reserves; Duration From Date of Disablement 2 Years or More but Less Than 5 Years; Basis; Request for Modification Plan Approval; Elimination Period; Measurement of Disablement Duration.
Section 500.707 Health Insurance Benefits Other Than Disability Income; Claim Reserves Maximum Interest Rate; Basis of Claim Reserve.
Section 500.709 Estimation of Claim Liabilities; Methods.
Section 500.711 Unearned Premium Reserves; Treatment of Premiums Due and Unpaid; Discount of Certain Gross Premiums Paid in Advance.
Section 500.713 Minimum Unearned Premium Reserve; Basis; Sum of Unearned Premium and Contract Reserves; Limitation.
Section 500.715 Premium Reserves; Computation.
Section 500.717 Contract Reserves; Required for Certain Policies and Certificates; Exception; Addition to Claim and Premium Reserves; Methods and Procedures; Date of Incurral Defined.
Section 500.719 Morbidity Standards; Rules; Structure of Valuation Net Premiums; Valuation of Health Insurance Policies and Certificates for Which Tabular Morbidity Standards Not Specified; Maximum Interest Rate for Contract Reserves; Termination Rates; Adjustment of Morbidity Standard on Aggregate Basis; Minimum Reserve; Application of Certain Reserve Adjustments; Offset of Negative Reserves Against Positive Reserves; Total Contract Reserve Not Less Than Zero.
Section 500.721 Application of Alternative Method or Basis to Contract Reserve; Assumptions; Methods to Determine Sound Value of Liabilities.
Section 500.723 Tabular Reserves; Annual Review; Increments; Restriction of Future Gross Premiums; Establishment of Contract Reserves for Insufficiency in Aggregate.
Section 500.725 Reinsurance; Determination of Increases To, or Credit Against, Reserves.
Section 500.729 Individual Insurance Policies; Minimum Morbidity Standards for Disability Income Benefits; Basis of Contract Reserve Standards for Certain Hospital, Surgical, and Maternity Benefits; Basis of Contract Reserve Standards for Certain Cancer Expense Benefits and Accidental Death Benefits.
Section 500.731 Disability Benefits for Group Health Insurance Certificates; Minimum Morbidity Standards.
Section 500.733 Maximum Interest Rates.
Section 500.735 Mortality Basis; Use of Other Mortality Tables; Request for Approval.
Section 500.737 Rules.