State RegulationsMI specificDifficulty 1/5
Under Michigan law, which documents together constitute the entire contract between the policyowner and the insurer for an individual life insurance policy?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
M.C.L. 500.4014 — the section titled 'Entire contract; incontestability' — makes the policy together with the attached copy of the written application the entire contract. No other statements, promises, or documents can vary its terms, which protects the policyowner from later disputes over unwritten representations. Producers should therefore ensure the application copy is actually attached at delivery.
Why the other options are wrong
- A) Oral sales promises are outside the entire contract and cannot vary or extend its terms under M.C.L. 500.4014.
- C) The insurer's internal underwriting notes are not part of the contract delivered to the policyowner.
- D) A sales illustration is a marketing tool; only the attached written application joins the policy as the entire contract.
Memory hook
Policy plus attached application — nothing else counts.