Michigan Compiled Laws § 500.4454 Readjustment Of Premium Rate; Optional Provisions.

500.4454 Readjustment of premium rate; optional provisions.

Sec. 4454.

Any group life insurance policy may provide for a readjustment of the rate based on experience at the end of the first year or any subsequent year of insurance, which readjustment may be made retroactive for such policy year only.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

Section: Previous  500.4419  500.4420  500.4424  500.4426  500.4430  500.4432  500.4434  500.4436  500.4438  500.4439  500.4442  500.4446  500.4450  500.4454  

Last modified: October 10, 2016