Sec. 3400.
(1) The term “policy of disability insurance” as used in this chapter includes any policy or contract of insurance against loss resulting from sickness or from bodily injury or death by accident, or both, including also the granting of specific hospital benefits and medical, surgical and sick-care benefits to any person, family or group, subject to the exclusions set forth or referred to in this section.
(2) Nothing in this chapter shall apply to or affect:
(a) Any policy of liability or workmen's compensation insurance, with or without supplementary expense coverage therein;
(b) Any policy or contract of reinsurance; or
(c) Life insurance, endowment or annuity contracts, or contracts supplemental thereto which contain only such provisions relating to disability insurance as (i) provide additional benefits in case of death or dismemberment or loss of sight by accident, or as (ii) operate to safeguard such contracts against lapse, or to give a special surrender value or special benefit or an annuity in the event that the insured or annuitant shall become totally and permanently disabled, as defined by the contract or supplemental contract; all of which supplemental contracts shall be issuable under authority of section 602.
(3) The provisions of this chapter contained in sections 3407 (entire contract; changes), 3411 (reinstatement), and 3420 (physical examinations and autopsy), may be omitted from ticket policies sold only to passengers by common carriers.
(4) Section 3475 of this chapter shall apply to group, blanket or family expense disability insurance contracts and the remaining provisions of this chapter shall apply to such contracts only as provided in chapter 36.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1963, Act 56, Eff. Sept. 6, 1963
Popular Name: Act 218
Last modified: October 10, 2016