MCL - 218-1956-5

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Chapter 500
Act 218 of 1956
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THE INSURANCE CODE OF 1956 (EXCERPT)


Act 218 of 1956

Chapter 5

PRIVACY OF FINANCIAL INFORMATION

Document Type Description
Section 500.501 Section Scope of chapter.
Section 500.503 Section Definitions.
Section 500.505 Section Notice and opt out requirements.
Section 500.507 Section Privacy policies and practices; notice.
Section 500.509 Section Customer relationship; time of establishment; continuing relationship; revised privacy notice for new insurance product or service.
Section 500.511 Section Initial notice; conditions; delivery.
Section 500.513 Section Annual notice required; “annually” defined; exception.
Section 500.515 Section Initial, annual, and revised notices; information required; disclosure of nonpublic personal financial information.
Section 500.517 Section Initial notice requirements for consumer not a customer; short-form initial notice; delivery.
Section 500.519 Section Opt out notice; requirements.
Section 500.521 Section Opt out notice to joint consumers.
Section 500.523 Section Consumer's opt out direction; compliance requirements.
Section 500.525 Section Disclosure of nonpublic personal financial information to nonaffiliated third party.
Section 500.527 Section Receipt of notice.
Section 500.529 Section Disclosure of nonprofit personal financial information to nonaffiliated third party; reasonable opportunity; opt out notice.
Section 500.531 Section Receipt of nonpublic personal financial information from nonaffiliated financial institution; limitation on disclosure.
Section 500.533 Section Disclosure of policy or account number.
Section 500.535 Section Applicability of opt out requirements in MCL 500.519 and 500.529; “joint agreement” defined.
Section 500.537 Section Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535; “necessary to effect, administer, or enforce a transaction” defined.
Section 500.539 Section Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
Section 500.540 Section Use or disclosure of nonpublic personal financial information by certain associations or facilities.
Section 500.541 Section Operation of fair credit reporting act; construction of chapter.
Section 500.543 Section Consumer opting out from disclosure; discrimination prohibited.
Section 500.545 Section Contract of licensee with nonaffiliated third party; effect of agreement entered before or on July 1, 2000.
Section 500.547 Section Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards.