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Michigan Compiled Laws Complete Through PA 19 of 2024
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218-1956-5
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 5
PRIVACY OF FINANCIAL INFORMATION

DocumentTypeDescription
Section 500.501SectionScope of chapter.
Section 500.503SectionDefinitions.
Section 500.505SectionNotice and opt out requirements.
Section 500.507SectionPrivacy policies and practices; notice.
Section 500.509SectionCustomer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
Section 500.511SectionInitial notice; conditions; delivery.
Section 500.513SectionAnnual notice required; “annually” defined; exception.
Section 500.515SectionInitial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
Section 500.517SectionInitial notice requirements for consumer not a customer; short-form initial notice; delivery.
Section 500.519SectionOpt out notice; requirements.
Section 500.521SectionOpt out notice to joint consumers.
Section 500.523SectionConsumer's opt out direction; compliance requirements.
Section 500.525SectionDisclosure of nonpublic personal financial information to nonaffiliated third party.
Section 500.527SectionReceipt of notice.
Section 500.529SectionDisclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
Section 500.531SectionReceipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
Section 500.533SectionDisclosure of policy or account number.
Section 500.535SectionApplicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
Section 500.537SectionApplicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535; “necessary to effect, administer, or enforce a transaction” defined.
Section 500.539SectionApplicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
Section 500.540SectionUse or disclosure of nonpublic personal financial information by certain associations or facilities.
Section 500.541SectionOperation of fair credit reporting act; construction of chapter.
Section 500.543SectionConsumer opting out from disclosure; discrimination prohibited.
Section 500.545SectionContract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Section 500.547SectionProtection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.
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