2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-44 CHAPTER 44 GROUP LIFE INSURANCE (500.4400...500.4454)
Section 500.4454 Readjustment of premium rate; optional provisions.

Universal Citation: MI Comp L § 500.4454 (2017)
500.4454 Readjustment of premium rate; optional provisions.

Sec. 4454.

Any group life insurance policy may provide for a readjustment of the rate based on experience at the end of the first year or any subsequent year of insurance, which readjustment may be made retroactive for such policy year only.

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

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