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2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-5 CHAPTER 5 PRIVACY OF FINANCIAL INFORMATION (500.501...500.547)
Section 500.545 Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Universal Citation: MI Comp L § 500.545 (2017)
500.545 Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Sec. 545.
Until July 1, 2002, a contract that a licensee has entered into with a nonaffiliated third party to perform services for the licensee or functions on the licensee's behalf satisfies the provisions of section 535(1)(b), even if the contract does not include a requirement that the third party maintain the confidentiality of nonpublic personal financial information, as long as the licensee entered into the agreement on or before July 1, 2000.
History: Add. 2001, Act 24, Imd. Eff. June 18, 2001
Popular Name: Act 218
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