{"data":{"id":"us-mi/mich.-comp.-laws-500.715","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.715","heading":"Premium reserves; computation.","body":"Sec. 715.\n\nThe insurer may employ suitable approximations and estimates in computing premium reserves including, but not limited to, groupings, averages, and aggregate estimation. The insurer should test periodically the approximations or estimates to determine their continuing adequacy and reliability.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-715","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"95c94c364d9cd353357ed6bd60eb74d338037ca7afa9b6573e80ab076d542413","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.713","next":"us-mi/mich.-comp.-laws-500.717"},"notice":"GroundRules: Original legal text. Not legal advice."}