Michigan Compiled Laws § 500.4224 Nonforfeiture Benefit; Automatic Option; Provision Required.

500.4224 Nonforfeiture benefit; automatic option; provision required.

Sec. 4224.

There shall be a provision if more than 1 nonforfeiture benefit is provided, as to which of such benefits shall apply in the event 1 of the available benefits is not selected as required by the policy.

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

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Last modified: October 10, 2016