Contract of insurance.

Mich. Comp. Laws § 500.1903a, under THE INSURANCE CODE OF 1956.

Mich. Comp. Laws § 500.1903a

Sec. 1903a. For purposes of this chapter, a written contract or similar device which offers benefits substantially similar to benefits offered under policies of insurance, whether or not the benefits are identified or described as insurance, shall constitute a contract of insurance.