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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 500.3917 Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.
Universal Citation: MI Comp L § 500.3917 (2017)
500.3917 Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.
Sec. 3917.
If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive any time periods applicable to preexisting conditions and probationary periods for similar benefits in the new long-term care policy to the extent that similar exclusions have been satisfied under the original policy.
History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218
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