500.2702 Meaning of group legal expense insurance.
119 words·~1 min read·
/mi/chapter-500/500-2702A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.2702 Meaning of group legal expense insurance.
Sec. 2702.
Group legal expense insurance is that form of voluntary legal expense insurance covering not less than 5 employees or members, with or without their eligible dependents, written under a master policy issued to any governmental corporation, unit, agency, or department thereof, or to any corporation, partnership, individual employer, or any association, upon application of any executive officer or trustee of such association having a constitution or bylaws, and formed in good faith for purposes other than that of obtaining insurance where officers, members, employees, or classes or departments thereof may be insured for their individual benefit.
History: Add. 1982, Act 501, Imd. Eff. Dec. 31, 1982
Popular Name: Act 218