Sec. 715. The 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.
Premium reserves; computation.
Mich. Comp. Laws § 500.715, under THE INSURANCE CODE OF 1956.
Mich. Comp. Laws § 500.715