L&HMImedium
The Michigan Standard Nonforfeiture Law for individual life insurance is codified at which section of the Michigan Insurance Code?
AMCL 500.2210
BMCL 500.4072
MCL 500.4060
DMCL 500.835-500.836a
Why this is the answer
MCL 500.4060 sets out Michigan's Standard Nonforfeiture Law for individual life insurance, requiring policies to provide cash surrender value, reduced paid-up, and extended term options once minimum reserves accumulate.
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