Section 500.3640 - Blanket disability insurance policy; provisions required.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3640 Blanket disability insurance policy; provisions required.
Sec. 3640.
Every policy of blanket disability insurance shall contain the following provisions:
(1) A provision that the policy and the application of the policyholder shall constitute the entire contract between the parties, and that all statements made by the policyholder shall, in the absence of fraud, be deemed representations and not warranties, and that no such statements shall be used in defense of a claim under the policy, unless it is contained in a written application.
(2) A provision that to the group or class thereof originally insured shall be added from time to time all new persons or individuals eligible for coverage.
(3) The applicable provisions of sections 3406 through 3466 (required and optional provisions for individual disability insurance policies).
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218