MCL - 218-1956-8

Act 218 of 1956
Chapter 8
Document Type Description
Section 500.808 Section Stock or mutual insurers; unearned premium reserves, pro rata basis, computation.
Section 500.810 Section Reserves; computation; additional reserves; plan to restore compliance; effect of noncompliance; examination of reserve practices and investment incomes.
Section 500.811 Section Repealed. 1994, Act 148, Imd. Eff. June 7, 1994.
Section 500.812 Section Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.813 Section Repealed. 1992, Act 182, Imd. Eff. Oct. 1, 1992.
Section 500.814 Section Certification of loss reserves.
Section 500.814a Section Statement of actuarial opinion; filing requirements; confidentiality; Michigan automobile insurance placement facility not property and casualty insurer.
Section 500.815 Section Computation of unearned premium reserve on mortgage guaranty insurance.
Section 500.815a Section Establishment of contingency reserve by mortgage guaranty insurer.
Section 500.816 Section Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.817 Section Repealed. 1966, Act 221, Imd. Eff. July 11, 1966.
Section 500.818, 500.822 Section Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.830 Section Life insurance policies and annuity and pure endowment contracts; life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts; annual valuation of reserves; limitation; valuation fee; adopting lower standard of valuation; valuation of business of foreign cooperative or assessment insurer; definitions.
Section 500.830a Section Life insurance; actuarial opinion; form; submission to director; liability of actuary; “qualified actuary” defined; limitation; public hearing; company with outstanding life insurance contracts, accident and health insurance contracts, or deposit-type contracts; actuarial opinion; requirements; definitions.
Section 500.831 Section Domestic insurer's business in foreign country; variance of mortality standard.
Section 500.832 Section Valuation of life insurance policies and contracts issued before operative date of standard nonforfeiture law.
Section 500.834 Section Valuation of life insurance policies and contracts issued on and after operative date of standard nonforfeiture law; minimum standard; reserves; definitions.
Section 500.835 Section Valuation of individual annuity and pure endowment contracts; minimum standard; notice of election to invoke section; failure to make election; definitions.
Section 500.835a Section Individual annuity and pure endowment contracts purchased after December 31, 2014; annuities and pure endowments purchased after December 31, 2014 under group annuity and pure endowment contracts; valuation; tables and interest rates; definitions.
Section 500.836 Section Calendar year statutory valuation interest rates; use; determination; weighting factors; “reference interest rate” defined; alternative method for determination of reference interest rate; changes to policy or contract forms; computing reference interest rate for calendar year 1986.
Section 500.836a Section Valuation of disability plans and contracts issued before date of valuation manual; regulations; accidental and health insurance contracts; definitions.
Section 500.836b Section Valuation manual; establishment of reserves using principle-based valuation; duties of company; confidential information; definitions.
Section 500.837 Section Definitions; valuation requirements for universal life insurance policies.
Section 500.838 Section Definitions; use of NAIC accounting practices and procedures manual; mortality table; separate rates for smokers and nonsmokers; determining minimum reserve liabilities, minimum cash surrender values, and amounts of paid-up nonforfeiture benefits; actuarial opinion; application of accounting practices and procedural manual; rates and charges based on gender; blended tables; basis as sex-distinct and sex-neutral.
Section 500.838a Section Definitions; 2001 CSO preferred class structure mortality table.
Section 500.839 Section Capital notes.
Section 500.840 Section Repealed. 1969, Act 318, Eff. Mar. 20, 1970.
Section 500.841 Section Valuation of certain bonds or other evidences of debt.
Section 500.842 Section Valuation of certain securities, stocks, or shares.