Section 500.4419 - Prepaid funeral contracts; group life insurance.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.4419 Prepaid funeral contracts; group life insurance.
Sec. 4419.
Group life insurance may be issued in connection with prepaid funeral contracts only if it meets all of the following:
(a) Is issued to an association covering the lives of its members or to a trustee of a group.
(b) Is issued as an associated life insurance policy or annuity contract under section 2080.
(c) Conforms with section 2080.
History: Add. 1998, Act 457, Imd. Eff. Jan. 4, 1999
Popular Name: Act 218