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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.3949 Life and long-term care benefits; marketing; compliance.

91 words·~1 min read·/mi/chapter-500/500-3949

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500.3949 Life and long-term care benefits; marketing; compliance.
Sec. 3949.
(1)An insurer that has both life and disability authority in this state may market policies containing both life benefits and long-term care benefits.
(2)Except as otherwise provided in this act, if life insurance products contain long-term care benefits, the life insurance benefits in those products shall comply with the requirements of chapters 40 and 44 and the long-term care benefits shall comply with this chapter.
History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218
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