{"data":{"id":"us-mi/mich.-comp.-laws-500.4028","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.4028","heading":"Default in premium payments; reinstatement; provision required.","body":"Sec. 4028.\n\nThere shall be a provision that if, in event of default in premium payments, the value of the policy shall be applied to the purchase of other insurance, and if such insurance shall be in force and the original policy shall not have been surrendered to the company and canceled, the policy may be reinstated within 3 years from such default, upon evidence of insurability satisfactory to the company and payment of arrears of premiums with interest.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-4028","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8556ed389c1f3c82b494014b89f7ec9622eddaeb0744bf2e923bcfd1216b2dd0","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.4026","next":"us-mi/mich.-comp.-laws-500.402a"},"notice":"GroundRules: Original legal text. Not legal advice."}