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95th Legislature Regular Session  
Michigan Compiled Laws Complete Through PA 242 of 2009  
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Senate: Adjourned until Wednesday, February 10, 2010 10:00:00 AM  
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Act 386 of 1996
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VIATICAL SETTLEMENT CONTRACTS

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


© 2009 Legislative Council, State of Michigan

The 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.

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