{"data":{"id":"us-mi/mich.-comp.-laws-550.606","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 550.606","heading":"Periodic indemnity payable.","body":"Sec. 6.\n\nThe amount of periodic indemnity payable by credit accident and health insurance in the event of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of indebtedness and shall not exceed the original indebtedness divided by the number of periodic installments.","path":["MI Code","Chapter 550","Act Act-173-of-1958"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-550-606","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7ac0a6f1447bb635b289e58debf8f5cdf6653e3c13e89711e48e82e00f9e5c08","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-550.605","next":"us-mi/mich.-comp.-laws-550.607"},"notice":"GroundRules: Original legal text. Not legal advice."}