There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 386 of 1996 VIATICAL SETTLEMENT CONTRACTS (550.521 - 550.528)
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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