Michigan § 500.4623 - Sponsored captive insurance company; discount of reserves.
Full text of Michigan Michigan Compiled Laws § 500.4623 — Sponsored captive insurance company; discount of reserves., with citation guidance and answers to common questions.
§ 500.4623. Sponsored captive insurance company; discount of reserves.
(1) A sponsored captive insurance company may discount its loss and loss adjustment expense reserves at the lesser of treasury rates or the captive insurance company's actual rate of return applied to the applicable payments projected through the use of the expected payment pattern associated with the reserves.
(2) The commissioner may disallow the discounting of reserves if a sponsored captive insurance company violates a provision of this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.4623
What does Michigan Compiled Laws § 500.4623 cover?
Section 500.4623 ("Sponsored captive insurance company; discount of reserves.") 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 § 500.4623?
A common citation format is "Michigan Compiled Laws § 500.4623" (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 § 500.4623 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.