Mich. Comp. Laws § 550.606
Current through Public Act 166 of the 2024 Legislative Session
The amount of periodic indemnity payable by credit accident and health insurance in the event of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of indebtedness and shall not exceed the original indebtedness divided by the number of periodic installments.
MCL 550.606