Michigan Compiled Laws § 500.2212 Insurable Interest In Life Of Individual.

500.2212 Insurable interest in life of individual.

Sec. 2212.

Notwithstanding any other section of this act, an organization described in and qualified under section 501(c)(3) of the internal revenue code of 1986, 26 U.S.C. 501, has an insurable interest in the life of an individual who gives written consent to the ownership or purchase of a policy on his or her life.

History: Add. 1996, Act 572, Imd. Eff. Jan. 16, 1997
Popular Name: Act 218

Section: Previous  500.2205  500.2206  500.2207  500.2209  500.2210  500.2210a  500.2211  500.2212  500.2212a  500.2212b  500.2212c  500.2213  500.2213a  500.2213b  500.2213c  Next

Last modified: October 10, 2016