MCL - Act 386 of 1996


Act 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

The People of the State of Michigan enact:
Document Type Description
Section 550.521 Section Definitions.
Section 550.522 Section Records; production; maintenance; availability for inspection; payment of expenses.
Section 550.523 Section Disclosure of information.
Section 550.524 Section Documents to be obtained by provider; right to avoid or rescind contract.
Section 550.524a Section Agreement to commit suicide; payment prohibited.
Section 550.525 Section Disposition of contract consideration.
Section 550.526 Section Double or additional indemnity.
Section 550.527 Section Offer to purchase policy or certificate; notice to insurer.
Section 550.528 Section Order prohibiting provider from entering viatical settlement contract; additional orders.