Nonforfeiture Benefit; Automatic Option; Provision Required.

  1. Law
  2. Michigan Compiled Laws
  3. Insurance Code of 1956
  4. 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
  5. Chapter 42 Industrial Life Insurance (500.4200...500.4244)
  6. Nonforfeiture Benefit; Automatic Option; Provision Required.

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Sec. 4224.

There shall be a provision if more than 1 nonforfeiture benefit is provided, as to which of such benefits shall apply in the event 1 of the available benefits is not selected as required by the policy.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218


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