2006 Michigan Compiled Laws - CHAPTER 42 INDUSTRIAL LIFE INSURANCE (500.4200...500.4244)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956 Chapter 42
INDUSTRIAL LIFE INSURANCE

Document	Description
Section 500.4200	Scope of chapter; other applicable provisions.
Section 500.4201	Industrial life insurance; definitions.
Section 500.4204	Required policy provisions; exceptions.
Section 500.4206	Grace period; provision required.
Section 500.4208	Incontestability; provision required, exceptions.
Section 500.4210	Policy constitutes entire contract; provision required.
Section 500.4212	Misstatement of age; provision required.
Section 500.4214	Participation in surplus; provision required.
Section 500.4216	Conversion; weekly premium policies; provision required; monthly premium policies.
Section 500.4220	Nonforfeiture and cash surrender values.
Section 500.4222	Table of nonforfeiture benefits.
Section 500.4224	Nonforfeiture benefit; automatic option; provision required.
Section 500.4228	Reinstatement; provision required.
Section 500.4230	Settlement of claim upon death of insured; provision required.
Section 500.4236	Title required.
Section 500.4238	Beneficiary changes.
Section 500.4242	Limitation of liability; aviation, military or naval service.
Section 500.4244	Industrial life insurance; provisions prohibited; right to declare policy void for disease or ailment; rejection; payment of proceeds to other than beneficiary; limitation; settlement at maturity for less than full value; accidental death.

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