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§ 500.4454 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 500 - Insurance Code of 1956act 218 of 1956 - the Insurance Code of 1956 (500.100 - 500.8302)218-1956-1 -/
  5. Statute Act 218 of 1956/
  6. Division 218 1956 44/
  7. § 500.4454
Michigan Legal Code

§ 500.4454

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500.4454 Readjustment of premium rate; optional provisions. Sec. 4454. Any group life insurance policy may provide for a readjustment of the rate based on experience at the end of the first year or any subsequent year of insurance, which readjustment may be made retroactive for such policy year only. History: 1956, Act 218, Eff. Jan. 1, 1957 Popular Name: Act 218