Section 500.3917 - Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3917 Replacement policy; waiver of time periods applicable to preexisting conditions and probationary periods.
Sec. 3917.
If a long-term care insurance policy or certificate replaces another long-term care policy or certificate, the replacing insurer shall waive any time periods applicable to preexisting conditions and probationary periods for similar benefits in the new long-term care policy to the extent that similar exclusions have been satisfied under the original policy.
History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218