Mich. Admin. Code R. 500.801
Current through Vol. 24-22, December 15, 2024
Rule 1. These rules apply to individual policies of disability insurance as defined in section 3400 of the act and family expense insurance policies as defined in section 3620 of the act. These rules do not apply to credit accident and health policies as defined in section 3 of Act No. 173 of the Public Acts of 1958, being S550.603 of the Michigan Compiled Laws, or a policy of insurance with an annual premium of $7.50 or less. Where a policy covers a contingency for a period of coverage less than a year, the premium for that period is considered the annual premium.
Mich. Admin. Code R. 500.801