Michigan Laws 500.6532 – Reserves for unearned premiums
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Terms Used In Michigan Laws 500.6532
- Commissioner: means the director. See Michigan Laws 500.102
Every pool transacting insurance under this chapter shall maintain reserves for unearned premiums in accordance with the standards prescribed from time to time by the commissioner, which standards shall conform to those required of other insurers authorized to insure similar risks under the provisions of this code.