Main Content Act 386 of 1996 friendly link Printer Friendly bills affecting index and updates Search within this Statute for VIATICAL SETTLEMENT CONTRACTSAct 386 of 1996AN 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 © 2009 Legislative Council, State of MichiganThe People of the State of Michigan enact: DocumentTypeDescription Section 550.521SectionDefinitions. Section 550.522SectionRecords; production; maintenance; availability for inspection; payment of expenses. Section 550.523SectionDisclosure of information. Section 550.524SectionDocuments to be obtained by provider; right to avoid or rescind contract. Section 550.524aSectionAgreement to commit suicide; payment prohibited. Section 550.525SectionDisposition of contract consideration. Section 550.526SectionDouble or additional indemnity. Section 550.527SectionOffer to purchase policy or certificate; notice to insurer. Section 550.528SectionOrder prohibiting provider from entering viatical settlement contract; additional orders.
