Section 500.3949 - Life and long-term care benefits; marketing; compliance.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3949 Life and long-term care benefits; marketing; compliance.
Sec. 3949.
(1) An insurer that has both life and disability authority in this state may market policies containing both life benefits and long-term care benefits.
(2) Except as otherwise provided in this act, if life insurance products contain long-term care benefits, the life insurance benefits in those products shall comply with the requirements of chapters 40 and 44 and the long-term care benefits shall comply with this chapter.
History: Add. 1992, Act 84, Imd. Eff. June 2, 1992
Popular Name: Act 218