{"data":{"id":"us-mi/mich.-comp.-laws-500.4206","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.4206","heading":"Grace period; provision required.","body":"Sec. 4206.\n\nThere shall be a provision that the insured is entitled to a grace period of 4 weeks within which the payment of any premium after the first may be made, except that where premiums are payable monthly the period of grace shall be 1 month; and that during the period of grace the policy shall continue in full force, but if during such grace period the policy becomes a claim, then any overdue and unpaid premiums may be deducted from any amount payable under the policy in settlement.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-4206","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"9f9066e9dab0f7687ab393730ce5b415246c546473619ab6acc1b9e4ddb2cfab","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.4204","next":"us-mi/mich.-comp.-laws-500.4208"},"notice":"GroundRules: Original legal text. Not legal advice."}