Prepaid funeral contracts; group life insurance.

Sec. 4419. Group life insurance may be issued in connection with prepaid funeral contracts only if it meets all of the following: Is issued to an association covering the lives of its members or to a trustee of a group. Is issued as an associated life insurance policy or annuity contract under section 2080. Conforms with section 2080. History: Add. 1998, Act 457, Imd. Eff. Jan. 4, 1999