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 500.4224 Nonforfeiture benefit; automatic option; provision required.

Universal Citation: MI Comp L § 500.4224 (2017)
500.4224 Nonforfeiture benefit; automatic option; provision required.

Sec. 4224.

There shall be a provision if more than 1 nonforfeiture benefit is provided, as to which of such benefits shall apply in the event 1 of the available benefits is not selected as required by the policy.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218

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