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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.4224 Nonforfeiture benefit; automatic option; provision required.

58 words·~1 min read·/mi/chapter-500/500-4224

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500.4224 Nonforfeiture benefit; automatic option; provision required.
Sec. 4224.
There shall be a provision if more than 1 nonforfeiture benefit is provided, as to which of such benefits shall apply in the event 1 of the available benefits is not selected as required by the policy.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218
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