Michigan Compiled Laws
218-1956-5 - Chapter 5 Privacy of Financial Information (500.501...500.547)
Section 500.501 - Scope of Chapter.

Sec. 501.
(1) This chapter applies to the treatment of nonpublic personal financial information about individuals who obtain or are claimants or beneficiaries of products or services primarily for personal, family, or household purposes from licensees whether through an individual or group plan. This chapter does not apply to information about companies or about individuals who obtain products or services for business, commercial, or agricultural purposes.
(2) This chapter does not modify, limit, or supersede any provision of section 1243.
(3) This chapter does not modify, limit, or supersede statute or rules governing the confidentiality or privacy of individually identifiable health and medical information, including, but not limited to, all of the following:
(a) Section 2157 of the revised judicature act of 1961, 1961 PA 236, MCL 600.2157.
(b) Section 1750 of the mental health code, 1974 PA 258, MCL 330.1750.
(c) The public health code, 1978 PA 368, MCL 333.1101 to 333.25211.
(d) Section 406 of the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1406.
(e) Sections 410 and 492A of the Michigan penal code, 1931 PA 328, MCL 750.410 and 750.492a.
(f) Section 13 of the freedom of information act, 1976 PA 442, MCL 15.243.
(g) Section 34 of the third party administrator act, 1984 PA 218, MCL 550.934.
History: Add. 2001, Act 24, Imd. Eff. June 18, 2001 Popular Name: Act 218

Structure Michigan Compiled Laws

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 500.501 - Scope of Chapter.

Section 500.503 - Definitions.

Section 500.505 - Notice and Opt Out Requirements.

Section 500.507 - Privacy Policies and Practices; Notice.

Section 500.509 - Customer Relationship; Time of Establishment; Continuing Relationship; Revised Privacy Notice for New Insurance Product or Service.

Section 500.511 - Initial Notice; Conditions; Delivery.

Section 500.513 - Annual Notice Required; “Annually” Defined; Exception.

Section 500.515 - Initial, Annual, and Revised Notices; Information Required; Disclosure of Nonpublic Personal Financial Information.

Section 500.517 - Initial Notice Requirements for Consumer Not a Customer; Short-Form Initial Notice; Delivery.

Section 500.519 - Opt Out Notice; Requirements.

Section 500.521 - Opt Out Notice to Joint Consumers.

Section 500.523 - Consumer's Opt Out Direction; Compliance Requirements.

Section 500.525 - Disclosure of Nonpublic Personal Financial Information to Nonaffiliated Third Party.

Section 500.527 - Receipt of Notice.

Section 500.529 - Disclosure of Nonprofit Personal Financial Information to Nonaffiliated Third Party; Reasonable Opportunity; Opt Out Notice.

Section 500.531 - Receipt of Nonpublic Personal Financial Information From Nonaffiliated Financial Institution; Limitation on Disclosure.

Section 500.533 - Disclosure of Policy or Account Number.

Section 500.535 - Applicability of Opt Out Requirements in MCL 500.519 and 500.529; “Joint Agreement” Defined.

Section 500.537 - 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 - Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.

Section 500.540 - Use or Disclosure of Nonpublic Personal Financial Information by Certain Associations or Facilities.

Section 500.541 - Operation of Fair Credit Reporting Act; Construction of Chapter.

Section 500.543 - Consumer Opting Out From Disclosure; Discrimination Prohibited.

Section 500.545 - Contract of Licensee With Nonaffiliated Third Party; Effect of Agreement Entered Before or on July 1, 2000.

Section 500.547 - Protection of Customer Records and Information; Adoption of Guidelines for Administrative, Technical, and Physical Safeguards.