Michigan Compiled Laws 218-1956-44 Chapter 44 Group Life Insurance (500.4400...500.4454)

• Section 500.4400 Scope Of Chapter; Compliance Required.
  (1) This chapter applies only with respect to group life insurance. (2) Except as provided in this chapter it shall be unlawful to make...
• Section 500.4404 Employee Groups; Required Number Of Participants; Premium Payments; Group Life Insurance As Part Of Combined Group Life And Disability Insurance Policy; "Employees" Defined.
  (1) Group life insurance may be issued covering not less than 2 employees with or without medical examination, written under a policy issued to...
• Section 500.4405 Group Life Insurance Policy; Issuance To Trust Or Trustees; Requirements.
  Notwithstanding section 4404, a group life insurance policy may be issued to a trust or trustees of a fund established by 2 or more...
• Section 500.4408 National Guard Groups; Participation Authorization.
  Group life insurance may be issued covering the members of 1 or more companies, batteries, troops or other units of the national guard of...
• Section 500.4412 Labor Union, Teacher And Postal Clerk Groups; Participation Authorization.
  Group life insurance may be issued covering the members of any labor union, or state associations of teachers or postal clerks written under a...
• Section 500.4416 Group Life Insurance; Groups Of Borrowers Or Purchasers.
  Group life insurance may be issued covering only the lives of members of a group of persons who become borrowers from 1 financial institution,...
• Section 500.4418 Group Life Insurance; Loans On Dwellings Or Mobile Homes; Insurer Providing Monetary Benefits To Financial Institutions; Payment Of Dividends To Financial Institution.
  (1) Group life insurance may be issued in connection with loans on dwellings or mobile homes when provided through a group if the lending...
• Section 500.4419 Prepaid Funeral Contracts; Group Life Insurance.
  Group life insurance may be issued in connection with prepaid funeral contracts only if it meets all of the following: (a) Is issued to...
• Section 500.4420 Nonprofit Incorporated Industrial Association Groups; Executives; Participation; Other Associations, Trusts, Or Trustees; Criteria; Conditions.
  (1) Group life insurance may be issued covering the executives of employer members of any nonprofit incorporated industrial association, that is now and has...
• Section 500.4424 Group Life Insurance Offered To Groups Other Than Described In Mcl 500.4404 To 500.4420.
  Group life insurance offered to a resident of this state under a group life insurance policy issued to a group other than a group...
• Section 500.4426 Extension Of Coverage To Eligible Dependents; Amounts; Payment Of Premiums; Definitions.
  (1) Insurance under any group life insurance policy issued under sections 4400, 4404, 4408, 4412, 4420, and 4424 may be extended to insure the...
• Section 500.4430 Group Life Insurance Policy; Filing And Approval Of Form; Certain Provisions Required.
  (1) Except as otherwise provided in section 2236(8)(d), a policy of group life insurance shall not be issued or delivered in this state unless...
• Section 500.4432 Group Life Insurance Policy; Incontestability.
  There shall be a provision that the policy shall be incontestable after 2 years from its date of issue, except for non-payment of premiums...
• Section 500.4434 Entire Contract; Provision; Application; Representations.
  Each group life insurance policy shall contain a provision that the policy and the applications of the employer and, if applicable, of the individual...
• Section 500.4436 Misstatement Of Age; Provision Required.
  There shall be a provision for the equitable adjustment of the premium or the amount of insurance payable in the event of a misstatement...
• Section 500.4438 Individual Certificate; Notice Of Conversion Rights.
  (1) Each group life insurance policy shall contain a provision that the company will issue to the employer for delivery to the employee, whose...
• Section 500.4439 Insurance Under Group Policy; Assignment Of Rights, Effect.
  A person whose life is insured under a group insurance policy may, subject and pursuant to the terms of the policy, or pursuant to...
• Section 500.4442 New Employee; Provision Required.
  Each group life insurance policy shall contain a provision that each new employee of an employer shall periodically be added to coverage if the...
• Section 500.4446 Policy Issued In Another State; Determination By Director.
  A group policy offered by an insurer issued in another state shall not be issued in this state unless the director of the department...
• Section 500.4450 Employer Deemed Policyholder.
  In every group life insurance policy issued in this state, the employer shall be deemed to be the policyholder for all purposes within the...
• Section 500.4454 Readjustment Of Premium Rate; Optional Provisions.
  Any group life insurance policy may provide for a readjustment of the rate based on experience at the end of the first year or...

Last modified: October 10, 2016