Michigan § 500.815a - Establishment of contingency reserve by mortgage guaranty insurer.
Full text of Michigan Michigan Compiled Laws § 500.815a — Establishment of contingency reserve by mortgage guaranty insurer., with citation guidance and answers to common questions.
§ 500.815a. Establishment of contingency reserve by mortgage guaranty insurer.
In addition to the capital, surplus and reserves specified in sections 410, 810 and 815, a mortgage guaranty insurer shall establish a contingency reserve, which shall be reported as a liability in the insurer's financial statements. The amount of the reserve shall be computed in accordance with rules prescribed by the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.815a
What does Michigan Compiled Laws § 500.815a cover?
Section 500.815a ("Establishment of contingency reserve by mortgage guaranty insurer.") 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 § 500.815a?
A common citation format is "Michigan Compiled Laws § 500.815a" (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 § 500.815a 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.