Michigan Compiled Laws § 500.4018 Misstatement Of Age Or Sex; Provisions Required.

500.4018 Misstatement of age or sex; provisions required.

Sec. 4018.

Each life insurance policy shall contain a provision that if there is a misstatement as to the age or sex of the insured in the policy, the amount payable or the death benefit under the policy shall be that which would be purchased by the most recent mortality charge or premium at the correct age or sex.

History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1993, Act 349, Eff. Oct. 1, 1994
Popular Name: Act 218

Section: Previous  500.4004  500.4008  500.4010  500.4012  500.4014  500.4015  500.4016  500.4018  500.4020  500.4022  500.4023  500.4024  500.4026  500.4028  500.4030  Next

Last modified: October 10, 2016