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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.3917 Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.

82 words·~1 min read·/mi/chapter-500/500-3917

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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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