{"data":{"id":"us-mi/mich.-comp.-laws-500.709","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.709","heading":"Estimation of claim liabilities; methods.","body":"Sec. 709.\n\nExcept as otherwise provided in this chapter, any generally accepted or reasonable actuarial method or combination of methods may be used to estimate all claim liabilities. The methods used for estimating liabilities generally may be aggregate methods or various reserve items may be separately valued. Approximations based on groupings and averages may also be employed, provided, however, that the adequacy of the claim reserves shall be determined in the aggregate.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-709","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"243a091f6bcd69efd9e1c8ac28f0c2757d83c7a9ba05a08c136451c05522baba","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.7086","next":"us-mi/mich.-comp.-laws-500.7090"},"notice":"GroundRules: Original legal text. Not legal advice."}