MCL - 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
| 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. |