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Retirement Planning > Social Security

Michigan Changes Disability Policy SSDI Clause Rules

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Disability insurers in Michigan will be losing the use of some policy clauses that refer to the Social Security Disability Insurance program.

The Michigan Office of Financial and Insurance Regulation has issued a rule affecting the definition of “disability” used in Michigan disability income policies.

The definition cannot be “more inclusive than the definition of disability used in Social Security Act disability proceedings if the more inclusive definition ceases to apply when or if the policyholder is denied Social Security disability benefits,” officials say.

The rule took effect Aug. 1.

By Sept. 1, insurers must give the Michigan office a list of forms in use in Michigan that contain one or more of these nonconforming clauses, or a letter certifying that the company has no forms currently in effect containing any the clauses, officials say.


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