500.3929 Increasing premiums prohibited; conditions.
62 words·~1 min read·
/mi/chapter-500/500-3929A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.3929 Increasing premiums prohibited; conditions.
Sec. 3929.
The premiums charged to an insured for long-term care insurance shall not increase due to either of the following:
(a)The increasing age of the insured at ages beyond 65.
(b)The duration the insured has been covered under the policy.
History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218