2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-39 CHAPTER 39 LONG-TERM CARE INSURANCE (500.3901...500.3955)
Section 500.3908 Long-term care partnership program policy; conversion or replacement.
Sec. 3908.
(1) Subject to subsection (2), long-term care insurance that is delivered or issued for delivery in this state after December 31, 2007, and before long-term care partnership program policies are approved for sale in this state, may be converted to or replaced with a long-term care partnership program policy.
(2) Before converting the long-term care insurance to, or replacing the long-term care insurance with, a long-term care partnership program policy under this section, the insured and the insurer shall both agree to the conversion or the replacement.
(3) As used in this section, "long-term care partnership program policy" means that term as defined in section 3957.
History: Add. 2015, Act 198, Eff. Feb. 22, 2016
Popular Name: Act 218
