Michigan Compiled Laws § 500.4200 Scope Of Chapter; Other Applicable Provisions.

500.4200 Scope of chapter; other applicable provisions.

Sec. 4200.

(1) This chapter shall apply only with respect to industrial life insurance policies.

(2) The following sections of chapter 40 (life insurance policies and annuity contracts) shall apply also to industrial life insurance policies: 4004 (policy must contain entire contract); 4040 (supplementary benefits); 4048 (provisions required by laws of other states, countries); 4052 (preliminary term insurance); 4054 (insurer may hold proceeds; exemption from creditors); 4060 (standard nonforfeiture law); 4062 (loan value; deferment); and 4064 (computation of loan indebtedness).

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

Section: 500.4200  500.4201  500.4204  500.4206  500.4208  500.4210  500.4212  500.4214  500.4216  500.4220  500.4222  500.4224  500.4228  500.4230  500.4236  Next

Last modified: October 10, 2016