Mich. Comp. Laws § 500.4123
Current through Public Act 190 of the 2024 Legislative Session
An insurer shall annually provide their contract holders with a report showing both the account value and the cash surrender value. The report shall clearly indicate that the account value is prior to the application of any surrender charges or market-value adjustment formula and shall specify the surrender charge and market-value adjustment used to determine the cash surrender value.
MCL 500.4123