Sec. 4204.
(1) In the case of industrial policies issued on and after January 1, 1944, no policy of industrial life insurance shall be issued or delivered in this state, unless the same shall contain in substance the provisions set forth in sections 4206 through 4238.
(2) Any of such provisions or portions thereof not applicable to single premium or nonparticipating insurance policies shall to that extent not be incorporated therein.
(3) This section and the sections referred to in subsection (1), above, shall not apply to policies issued or granted pursuant to nonforfeiture provisions prescribed in section 4220.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218
Structure Michigan Compiled Laws
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)
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 500.4220 - 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.