Section 500.3601 - “Group disability insurance” defined.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3601 “Group disability insurance” defined.
Sec. 3601.
Group disability insurance is hereby declared to be that form of voluntary disability insurance covering not less than 5 employees or members, with or without their eligible dependents, written under a master policy issued to any governmental corporation, unit, agency, or department thereof, or to any corporation, copartnership, individual employer, or any association, upon application of any executive officer or trustee of such association having a constitution or bylaws, and formed in good faith for purposes other than that of obtaining insurance where officers, members, employees, or classes or departments thereof may be insured for their individual benefit.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1990, Act 126, Imd. Eff. June 26, 1990
Popular Name: Act 218