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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.4214 Participation in surplus; provision required.

40 words·~1 min read·/mi/chapter-500/500-4214

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500.4214 Participation in surplus; provision required.
Sec. 4214.
There shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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