Replacement of Life Insurance Policies

(By authority conferred on the commissioner of insurance by sections 210 and 4424(6) of Act No. 218 of the Public Acts of 1956, as amended, being SS500.210 and 500.4424(6) of the Michigan Compiled Laws)Insurance

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500.601Definitions.500.602Duties of agents.500.603Duties of insurers.500.604Duties where replacement involved; notice; filing.500.605Exceptions.500.606Penalties.500.611Discretionary group life insurance; procedures.500.612Grounds of eligibility.500.615Group term life insurance; contributions of certificate holders.500.621Contracts on a variable basis; authorization.500.622Certificates of authority; applications.500.623Certificates of authority; issuance.500.624Separate accounts.500.625Separate account committees.500.626Insurance law applicable.500.627Approvals required.500.628Contracts and certificates; contents.500.629Variable annuity; contract requirements.500.631Advertising and illustrations.500.632Statements.500.633Licensing of agents.500.634Examinations for agents.500.635Waiver of examination; alternatives; nonresidents.500.636Rewriting and passing examinations; termination of agents' authority.500.637Waivers of compliance with rules.500.641Suspension or modification of filing requirements; standards.