Michigan Compiled Laws
218-1956-44 - Chapter 44 Group Life Insurance (500.4400...500.4454)
Section 500.4436 - Misstatement of Age; Provision Required.

Sec. 4436.
There shall be a provision for the equitable adjustment of the premium or the amount of insurance payable in the event of a misstatement of the age of an employee.
History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 500 - Insurance Code of 1956

Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)

218-1956-44 - Chapter 44 Group Life Insurance (500.4400...500.4454)

Section 500.4400 - Scope of Chapter; Compliance Required.

Section 500.4404 - Employee Groups; Required Number of Participants; Premium Payments; Group Life Insurance as Part of Combined Group Life and Disability Insurance Policy; "Employees" Defined.

Section 500.4405 - Group Life Insurance Policy; Issuance to Trust or Trustees; Requirements.

Section 500.4408 - National Guard Groups; Participation Authorization.

Section 500.4412 - Labor Union, Teacher and Postal Clerk Groups; Participation Authorization.

Section 500.4416 - Group Life Insurance; Groups of Borrowers or Purchasers.

Section 500.4418 - Group Life Insurance; Loans on Dwellings or Mobile Homes; Insurer Providing Monetary Benefits to Financial Institutions; Payment of Dividends to Financial Institution.

Section 500.4419 - Prepaid Funeral Contracts; Group Life Insurance.

Section 500.4420 - Nonprofit Incorporated Industrial Association Groups; Executives; Participation; Other Associations, Trusts, or Trustees; Criteria; Conditions.

Section 500.4424 - Group Life Insurance Offered to Groups Other Than Described in MCL 500.4404 to 500.4420.

Section 500.4426 - Extension of Coverage to Eligible Dependents; Amounts; Payment of Premiums; Definitions.

Section 500.4430 - Group Life Insurance Policy; Filing and Approval of Form; Certain Provisions Required.

Section 500.4432 - Group Life Insurance Policy; Incontestability.

Section 500.4434 - Entire Contract; Provision; Application; Representations.

Section 500.4436 - Misstatement of Age; Provision Required.

Section 500.4438 - Individual Certificate; Notice of Conversion Rights.

Section 500.4439 - Insurance Under Group Policy; Assignment of Rights, Effect.

Section 500.4442 - New Employee; Provision Required.

Section 500.4446 - Policy Issued in Another State; Determination by Director.

Section 500.4450 - Employer Deemed Policyholder.

Section 500.4454 - Readjustment of Premium Rate; Optional Provisions.