Michigan Laws 500.3402e – Blanket disability insurance policies; issuance
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 500.3402e
- Director: means , unless the context clearly implies a different meaning, the director of the department. See Michigan Laws 500.102
- Disability insurance policy: includes an insurance policy or insurance contract that insures against loss resulting from sickness or from bodily injury or death by accident, or both, including also the granting of specific hospital benefits and medical, surgical, and sick-care benefits to an individual, family, or group, subject to the exclusions provided in this section. See Michigan Laws 500.3400
- Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) An insurer authorized to write disability insurance in this state may issue blanket disability insurance policies.
(2) An insurer shall not deliver or issue for delivery in this state a blanket disability insurance policy unless a copy of the form of the policy is filed with and approved by the director.
(3) A blanket disability insurance policy is subject to section 3474 and 3474a.