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Michigan Compiled Laws Complete Through PA 321 of 2023



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218-1956-5A
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
CHAPTER 5A
DATA SECURITY

DocumentTypeDescription
Section 500.550SectionPrivate cause of action not created; exclusive standards.
Section 500.553SectionDefinitions.
Section 500.555SectionComprehensive written information security program; requirements; duties of licensee and board of directors; third-party service provider; incident response plan; certification of compliance.
Section 500.557SectionOccurrence of cybersecurity event; investigation; maintenance of records.
Section 500.559SectionNotification of cybersecurity event involving nonpublic information; duty to update and supplement notifications to director; contents; application to third-party service provider; duties of ceding insurers with direct contractual relationship.
Section 500.561SectionNotice of cybersecurity event to residents of this state; conditions and requirements; duties of licensee; substitute notice; notification to certain consumer reporting agencies; exception; compliance with health insurance portability and accountability act considered compliance with section; notice with intent to defraud; misdemeanor; penalty; failure to provide notice; civil fine; aggregate liability; applicability of section; definitions.
Section 500.563SectionConfidentiality; use of documents, materials, or other information; duties of director.
Section 500.565SectionExemption for certain licensees; timeline for implementation and compliance.
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