Michigan § 390.1122 - Definitions; A to E.
Full text of Michigan Michigan Compiled Laws § 390.1122 — Definitions; A to E., with citation guidance and answers to common questions.
§ 390.1122. Definitions; A to E.
"Accident year" means the calendar year in which an incurred loss takes place.
"Agent" means an officer, employee, student, or authorized person or entity of the university.
"Aggregate", when used in connection with incurred loss, incurred loss reserves, or paid losses means the total of each of loss or reserve.
"Excess loss" means a loss in excess of the funded level of the indemnification reserve fund.
"Expected loss" means the total of incurred loss and incurred but not reported loss.
Frequently Asked Questions About Michigan § 390.1122
What does Michigan Compiled Laws § 390.1122 cover?
Section 390.1122 ("Definitions; A to E.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 390.1122?
A common citation format is "Michigan Compiled Laws § 390.1122" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 390.1122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.