{"data":{"id":"us-mi/mich.-comp.-laws-500.707","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.707","heading":"Health insurance benefits other than disability income; claim reserves maximum interest rate; basis of claim reserve.","body":"Sec. 707.\n\nThe maximum interest rate for claim reserves related to health insurance benefits other than disability income is that rate specified in section 733.\n\nThe 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.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-707","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c2cdaf3aa7392d81219fcb76bad77382e47e42df04136105f37407b439ddfb42","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.7060","next":"us-mi/mich.-comp.-laws-500.7070"},"notice":"GroundRules: Original legal text. Not legal advice."}