Michigan § 500.3715 - Information and documentation; retention at principal place of business.
Full text of Michigan Michigan Compiled Laws § 500.3715 — Information and documentation; retention at principal place of business., with citation guidance and answers to common questions.
§ 500.3715. Information and documentation; retention at principal place of business.
Each small employer carrier shall maintain at its principal place of business a complete and detailed description of its rating practices and renewal underwriting practices, including information and documentation that demonstrate that its rating methods and practices are based upon commonly accepted actuarial assumptions and are in accordance with sound actuarial principles.
Each small employer carrier shall file each March 1 with the commissioner an actuarial certification, that the carrier is in compliance with this section and that the rating methods of the carrier are actuarially sound. A copy of the actuarial certification shall be retained by the carrier at its principal place of business.
A small employer carrier shall make the information and documentation described in subsection (1) available to the commissioner upon request.
This section is in addition to, and not in substitution of, the applicable filing provisions in this act and in the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1101 to 550.1704.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.3715
What does Michigan Compiled Laws § 500.3715 cover?
Section 500.3715 ("Information and documentation; retention at principal place of business.") 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 § 500.3715?
A common citation format is "Michigan Compiled Laws § 500.3715" (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 § 500.3715 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.