Michigan Compiled Laws § 500.3949 Life And Long-term Care Benefits; Marketing; Compliance.

500.3949 Life and long-term care benefits; marketing; compliance.

Sec. 3949.

(1) An insurer that has both life and disability authority in this state may market policies containing both life benefits and long-term care benefits.

(2) Except as otherwise provided in this act, if life insurance products contain long-term care benefits, the life insurance benefits in those products shall comply with the requirements of chapters 40 and 44 and the long-term care benefits shall comply with this chapter.

History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218

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Last modified: October 10, 2016