Section 500.831 - Domestic insurer's business in foreign country; variance of mortality standard.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.831 Domestic insurer's business in foreign country; variance of mortality standard.
Sec. 831.
In case of insurance issued by a domestic insurer authorized to do business in a foreign country upon the lives of residents of that country, the commissioner may vary the mortality standard to a standard applicable to that country.
History: Add. 1961, Act 127, Eff. Sept. 8, 1961
Popular Name: Act 218