There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 550 - GENERAL INSURANCE LAWS
Act 386 of 1996 - VIATICAL SETTLEMENT CONTRACTS (550.521 - 550.528)
VIATICAL SETTLEMENT CONTRACTSAct 386 of 1996
AN ACT to regulate the sale and purchase of viatical settlement contracts; to prescribe the powers and duties of certain state agencies and officials; and to prescribe penalties.
History: 1996, Act 386, Eff. Mar. 31, 1997
- Section 550.521 - Definitions.
- Section 550.522 - Records; production; maintenance; availability for inspection; payment of expenses.
- Section 550.523 - Disclosure of information.
- Section 550.524 - Documents to be obtained by provider; right to avoid or rescind contract.
- Section 550.524a - Agreement to commit suicide; payment prohibited.
- Section 550.525 - Disposition of contract consideration.
- Section 550.526 - Double or additional indemnity.
- Section 550.527 - Offer to purchase policy or certificate; notice to insurer.
- Section 550.528 - Order prohibiting provider from entering viatical settlement contract; additional orders.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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