Section 500.4224 - Nonforfeiture benefit; automatic option; provision required.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.4224 Nonforfeiture benefit; automatic option; provision required.
Sec. 4224.
There shall be a provision if more than 1 nonforfeiture benefit is provided, as to which of such benefits shall apply in the event 1 of the available benefits is not selected as required by the policy.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218