Sec. 511.
(1) A licensee may provide the initial notice within a reasonable time after the licensee establishes a customer relationship if establishing the customer relationship is not at the customer's election or providing notice not later than when the licensee establishes a customer relationship would substantially delay the customer's transaction and the customer agrees to receive the notice at a later time.
(2) When a licensee is required to deliver an initial notice under this section, the licensee shall deliver it according to section 527. If the licensee uses a short-form initial notice for noncustomers according to section 517, the licensee may deliver its privacy notice according to section 517(3).
History: Add. 2001, Act 24, Imd. Eff. June 18, 2001 Popular Name: Act 218
Structure 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 500.511 - Initial Notice; Conditions; Delivery.
Section 500.513 - Annual Notice Required; “Annually” Defined; Exception.
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 500.527 - Receipt of Notice.
Section 500.533 - Disclosure of Policy or Account Number.
Section 500.539 - Applicability of MCL 500.507(1)(c), 500.519, 500.529, and 500.535.
Section 500.541 - Operation of Fair Credit Reporting Act; Construction of Chapter.
Section 500.543 - Consumer Opting Out From Disclosure; Discrimination Prohibited.