Rule 21. The factors set forth in sections 403, 436a, 1341,
1342, and 1343 of the act, MCL
500.403,
500.436a,
500.1341,
500.1342, and
500.1343, are not an exhaustive
list. In determining the adequacy and reasonableness of an insurer's surplus,
no single factor is necessarily controlling. Instead, the director considers
the net effect of all of these factors, plus other factors bearing on the
financial condition of the insurer. In comparing the surplus maintained by
other insurers, the director considers the extent to which each of these
factors varies from company to company, and in determining the quality and
liquidity of investments in subsidiaries, the director considers the individual
subsidiary and may discount or disallow its valuation to the extent that the
individual investments warrant.
Notes
Mich. Admin. Code R. 500.91
2024
MR
6, Eff. March 20,
2024
