Sec. 4454. Any group life insurance policy may provide for a readjustment of the rate based on experience at the end of the first year or any subsequent year of insurance, which readjustment may be made retroactive for such policy year only.
Readjustment of premium rate; optional provisions.
Mich. Comp. Laws § 500.4454, under THE INSURANCE CODE OF 1956.
Mich. Comp. Laws § 500.4454