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2006 Michigan Compiled Laws - CHAPTER 5 PRIVACY OF FINANCIAL INFORMATION (500.501...500.547)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 5
PRIVACY OF FINANCIAL INFORMATION

DocumentDescription
Section 500.501Scope of chapter.
Section 500.503Definitions.
Section 500.505Notice and opt out requirements.
Section 500.507Privacy policies and practices; notice.
Section 500.509Customer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
Section 500.511Initial notice; conditions; delivery.
Section 500.513Annual notice required; "annually" defined; exception.
Section 500.515Initial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
Section 500.517Initial notice requirements for consumer not a customer; short-form initial notice; delivery.
Section 500.519Opt out notice; requirements.
Section 500.521Opt out notice to joint consumers.
Section 500.523Consumer's opt out direction; compliance requirements.
Section 500.525Disclosure of nonpublic personal financial information to nonaffiliated third party.
Section 500.527Receipt of notice.
Section 500.529Disclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
Section 500.531Receipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
Section 500.533Disclosure of policy or account number.
Section 500.535Applicability of opt out requirements in §§ 500.519 and 500.529; "joint agreement" defined.
Section 500.537Applicability of §§ 500.507(1)(c), 500.519, 500.529, and 500.535; "necessary to effect, administer, or enforce a transaction" defined.
Section 500.539Applicability of §§ 500.507(1)(c), 500.519, 500.529, and 500.535.
Section 500.540Use or disclosure of nonpublic personal financial information by certain associations or facilities.
Section 500.541Operation of fair credit reporting act; construction of chapter.
Section 500.543Consumer opting out from disclosure; discrimination prohibited.
Section 500.545Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Section 500.547Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.

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