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Statutes > Michigan Statutes > Chapter 500 - INSURANCE CODE OF 1956 > Act 218 of 1956 - THE INSURANCE CODE OF 1956 (500.100 - 500.8302) > 218-1956-42 - CHAPTER 42 INDUSTRIAL LIFE INSURANCE (500.4200...500.4244)

218-1956-42 - CHAPTER 42 INDUSTRIAL LIFE INSURANCE (500.4200...500.4244)

  • Section 500.4200 - Scope of chapter; other applicable provisions.
  • Section 500.4201 - Industrial life insurance; definitions.
  • Section 500.4204 - Required policy provisions; exceptions.
  • Section 500.4206 - Grace period; provision required.
  • Section 500.4208 - Incontestability; provision required, exceptions.
  • Section 500.4210 - Policy constitutes entire contract; provision required.
  • Section 500.4212 - Misstatement of age; provision required.
  • Section 500.4214 - Participation in surplus; provision required.
  • Section 500.4216 - Conversion; weekly premium policies; provision required; monthly premium policies.
  • Section 500.4220 - Nonforfeiture and cash surrender values.
  • Section 500.4222 - Table of nonforfeiture benefits.
  • Section 500.4224 - Nonforfeiture benefit; automatic option; provision required.
  • Section 500.4228 - Reinstatement; provision required.
  • Section 500.4230 - Settlement of claim upon death of insured; provision required.
  • Section 500.4236 - Title required.
  • Section 500.4238 - Beneficiary changes.
  • Section 500.4242 - Limitation of liability; aviation, military or naval service.
  • Section 500.4244 - Industrial life insurance; provisions prohibited; right to declare policy void for disease or ailment; rejection; payment of proceeds to other than beneficiary; limitation; settleme




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