Section 500.4446 - Provisions required by law of other states and countries; more favorable provisions permitted. - Michigan Statutes

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

500.4446 Provisions required by law of other states and countries; more favorable provisions permitted.

Sec. 4446.

(1) Policies of group life insurance, when issued in this state by any insurer not organized under the laws of this state, may contain, when issued, any provision required by the law of the state, or territory, or district of the United States, or foreign country, under which the insurer is organized; and policies issued in other states or countries by insurers organized in this state, may contain any provision required by the laws of the state, territory, district or country, in which the same are issued, anything in this chapter to the contrary notwithstanding.

(2) Any such policy may be issued or delivered in this state which in the opinion of the commissioner contains provisions on any 1 or more of the several foregoing requirements set forth in sections 4432 through 4442 more favorable to the employer or to the employee than in such sections required.

History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218