Michigan § 500.4424 - Group life insurance offered to groups other than described in MCL 500.4404 to 500.4420.

Full text of Michigan Michigan Compiled Laws § 500.4424 — Group life insurance offered to groups other than described in MCL 500.4404 to 500.4420., with citation guidance and answers to common questions.

§ 500.4424. Group life insurance offered to groups other than described in MCL 500.4404 to 500.4420.

Sec. 4424.

Group life insurance offered to a resident of this state under a group life insurance policy issued to a group other than a group described in sections 4404 to 4420 is subject to all of the following:

(a) A group life insurance policy shall not be issued in this state unless the director of the department of insurance and financial services finds all of the following:

(i) The issuance of the group policy is not contrary to the best interest of the public.

(ii) The issuance of the group policy would result in economies of acquisition and administration.

(iii) The benefits of the group policy are reasonable in relation to the premiums charged.

(b) The premium for the policy is paid from the policy holder's funds, the funds contributed by the covered persons, or both.

(c) An insurer may exclude or limit the coverage on an individual as to whom evidence of individual insurability is not satisfactory to the insurer.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 500.4424

What does Michigan Compiled Laws § 500.4424 cover?

Section 500.4424 ("Group life insurance offered to groups other than described in MCL 500.4404 to 500.4420.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Michigan § 500.4424?

A common citation format is "Michigan Compiled Laws § 500.4424" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Michigan law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.

How does Michigan § 500.4424 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.