Mich. Comp. Laws § 550.606

Current through Public Act 151 of the 2024 Legislative Session
Section 550.606 - Periodic indemnity payable

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

1958, Act 173, Eff. 9/13/1958.