Mich. Comp. Laws § 500.4026: Table of loan values and options; provision required.
Where this section sits in the code
- MI Code
- Chapter 500
- Act Act-218-of-1956
Sec. 4026.
Except for universal life insurance policies, each life insurance policy shall contain a table showing in figures the loan values and the options available under the policies each year upon default in premium payments during at least the first 20 years of the policy. Universal life insurance policies shall clearly describe and illustrate calculations used to determine loan values and the options available under the policies upon default in premium payments.
Collected 2026-09-14T18:32:31Z. Source file · JSON