Michigan § 390.1128 Information to be filed with state insurance bureau.

Michigan Statutes

§ 390.1128 — Information to be filed with state insurance bureau.

Michigan § 390.1128

Ch. 390UNIVERSITIES AND COLLEGES

Act 315 of 1977INDEMNIFICATION RESERVE FUND (390.1121-390.1131)

This text of Michigan § 390.1128 (Information to be filed with state insurance bureau.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1128 (2026).

Text

INDEMNIFICATION RESERVE FUND (EXCERPT) Act 315 of 1977 390.1128 Information to be filed with state insurance bureau. Sec. 8. At the end of each year, the university shall file the following information with the state insurance bureau:

(a)The annual expected loss for the next accident year, which shall be computed together with an accounting of the indemnification reserve fund.

(b)The status of the indemnification reserve fund, which shall be computed as the sum of the following:

(i)All previous payments from the university.

(ii)All previous payments from third party reimbursers.

(iii)Any balance due from third party reimbursers.

(c)The status of the paid and expected aggregate loss, which shall be computed as the sum of the following:

(i)Aggregate incurred loss reserves.

(ii)Aggreg

Free access — add to your briefcase to read the full text and ask questions with AI

INDEMNIFICATION RESERVE FUND (EXCERPT) Act 315 of 1977 390.1128 Information to be filed with state insurance bureau. Sec. 8. At the end of each year, the university shall file the following information with the state insurance bureau: (a) The annual expected loss for the next accident year, which shall be computed together with an accounting of the indemnification reserve fund. (b) The status of the indemnification reserve fund, which shall be computed as the sum of the following: (i) All previous payments from the university. (ii) All previous payments from third party reimbursers. (iii) Any balance due from third party reimbursers. (c) The status of the paid and expected aggregate loss, which shall be computed as the sum of the following: (i) Aggregate incurred loss reserves. (ii) Aggregate incurred but not reported loss reserves. (iii) Aggregate paid loss from all past periods, including current year. (iv) Actual expenses paid or incurred with respect to the indemnification program.