L&HMIeasy
Under MCL 4010-4036, what is the minimum grace period that must appear in a Michigan individual life insurance policy?
A7 days
31 days
C15 days
D60 days
Why this is the answer
Michigan's standard provisions law under MCL 4010-4036 mandates a grace period of at least 31 days during which a premium may be paid without lapse and coverage remains in force.
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