MCL - Index of 218-1956-40
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 218-1956-40 | CHAPTER 40 LIFE INSURANCE POLICIES AND ANNUITY CONTRACT (OTHER THAN INDUSTRIAL OR GROUP) (500.4000...500.4073) |
| Section 500.4000 | Scope of chapter. |
| Section 500.4001 | Universal life insurance; definitions. |
| Section 500.4002 | Life insurance policies; discrimination against living donors; prohibition; definitions. |
| Section 500.4004 | Entire contract. |
| Section 500.4008 | Life insurance; provisions required; single premium policies. |
| Section 500.4010 | Premiums; payment; provision required. |
| Section 500.4012 | Life insurance policy; provision required. |
| Section 500.4014 | Entire contract; incontestability; exceptions. |
| Section 500.4015 | Policy of life insurance; mandatory notice as to cancellation of policy and refund of premium. |
| Section 500.4016 | Statements considered representations; provision required; electronic application; endorsement. |
| Section 500.4018 | Misstatement of age or sex; provisions required. |
| Section 500.4020 | Participation in surplus; provision required. |
| Section 500.4022 | Policy loans generally. |
| Section 500.4023 | Policy loans; interest rates; notice; information; policy not to terminate as sole result of change in interest rate; applicability of section to insurance or annuity contract. |
| Section 500.4024 | Nonforfeiture benefits; cash surrender values; provision required. |
| Section 500.4026 | Table of loan values and options; provision required. |
| Section 500.4028 | Default in premium payments; reinstatement; provision required. |
| Section 500.4030 | Settlement of claim upon death of insured; provision required. |
| Section 500.4032 | Table of installments; provision required. |
| Section 500.4036 | Title required. |
| Section 500.4037 | Universal life insurance policy; provisions required. |
| Section 500.4038 | “Policy cost factors” defined; initial disclosure; statement of policy information; delivery; extension of free-look period; furnishing statement at time of policy delivery. |
| Section 500.4040 | Safeguard against lapse; special surrender value; optional provisions; supplemental contract. |
| Section 500.4042 | Liability limitation; aviation, military or naval service. |
| Section 500.4046 | Provisions prohibited; forfeiture of policy for failure to repay loan; limitation of actions; predating policy; settlement at maturity for less than full value. |
| Section 500.4047 | Profit sharing, charter or founders and coupon policies; definitions; prohibitions, violations. |
| Section 500.4048 | Provisions required by laws of other states or counties. |
| Section 500.4052 | Preliminary term insurance on old policies; reserve. |
| Section 500.4054 | Proceeds of policy; exemption from creditors. |
| Section 500.4058 | Nonforfeiture benefits on old policies. |
| Section 500.4060 | Standard nonforfeiture law for life insurance. |
| Section 500.4061 | Flexible premium universal life insurance policies; provisions applicable to minimum cash surrender values; minimum paid-up nonforfeiture benefits. |
| Section 500.4062 | Loan value; deferment. |
| Section 500.4064 | Loan indebtedness; right to compound interest. |
| Section 500.4070 | Insurance and annuities on same life; automatic conversion of deferred annuity into paid-up annuity. |
| Section 500.4072 | Standard nonforfeiture law for individual deferred annuities. |
| Section 500.4073 | Annuity policy or contract; notice of right to cancel and receive refund; effect of returning policy or contract; variable annuity contract; exceptions. |