Statutes > Michigan Statutes > Chapter 500 - INSURANCE CODE OF 1956 > Act 218 of 1956 - THE INSURANCE CODE OF 1956 (500.100 - 500.8302) > 218-1956-40 - CHAPTER 40 LIFE INSURANCE POLICIES AND ANNUITY CONTRACT (OTHER THAN INDUSTRIAL OR GROUP) (500.4000...500.4073) > Section 500.4024 - Nonforfeiture benefits; cash surrender values; provision required.

Section 500.4024 - Nonforfeiture benefits; cash surrender values; provision required.

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956

500.4024 Nonforfeiture benefits; cash surrender values; provision required.

Sec. 4024.

Each life insurance policy shall contain a provision for nonforfeiture benefits and cash surrender values in accordance with the requirements of section 4058, 4060, or 4061.


History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1993, Act 349, Eff. Oct. 1, 1994
Popular Name: Act 218