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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)
218-1956-42 CHAPTER 42 INDUSTRIAL LIFE INSURANCE (500.4200...500.4244)
Section 500.4200 Scope of chapter; other applicable provisions.
Universal Citation: MI Comp L § 500.4200 (2017)
500.4200 Scope of chapter; other applicable provisions.
Sec. 4200.
(1) This chapter shall apply only with respect to industrial life insurance policies.
(2) The following sections of chapter 40 (life insurance policies and annuity contracts) shall apply also to industrial life insurance policies: 4004 (policy must contain entire contract); 4040 (supplementary benefits); 4048 (provisions required by laws of other states, countries); 4052 (preliminary term insurance); 4054 (insurer may hold proceeds; exemption from creditors); 4060 (standard nonforfeiture law); 4062 (loan value; deferment); and 4064 (computation of loan indebtedness).
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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