Mich. Comp. Laws § 557.216
Life insurance proceeds; payment by insurer; discharge; effect of notice by person claiming interest in policy or payment.
Michigan · Michigan Compiled Laws — MICHIGAN COMMUNITY PROPERTY ACT (Act 317 of 1947) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 557.216, Life insurance proceeds; payment by insurer; discharge; effect of notice by person claiming interest in policy or payment, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1369931
- Permanent ID
ys:prov:1369931@1- SHA-256
0992568bd4d6ed0151136496628317158a6508b95a8754df3426a72f4b895e4d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
***** 557.216 THIS SECTION WAS REPEALED BY ACT 39 OF 1948 (1ST EX. SESS.) EFFECTIVE MAY 10, 1948, SUBJECT TO SAVINGS PROVISIONS IN § 557.252 ET SEQ. ***** Sec. 16. Notwithstanding the provisions of this act, when the proceeds of, or payments under a policy or contract issued by a life insurance company become payable and the company makes payment thereof in accordance with the terms thereof, or in accordance with the terms of any written assignment thereof, if the policy or contract has been assigned, such payment shall fully discharge the company from all claims under such policy or contract unless, before such payment is made, the company has received, at its home office, written notice by or on behalf of some other person that such other person claims to be entitled to such payment or some interest in the policy or contract.