™Your Policy Risk Impact Agent
32 chapters · 358 sections in this title.
Mich. Comp. Laws § 550.521 Definitions.
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Sec. 1. As used in this act: (a) "Commissioner" means the commissioner of insurance. (b) "Life insurance" means that term as defined in section 602 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, being section 500.602 of the Michigan Compiled Laws. (c) "Phy…
Mich. Comp. Laws § 550.522 Records; production; maintenance; availability for inspection; payment of expenses.
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Sec. 2. (1) The commissioner may order a provider to produce records, books, files, or other information that is necessary to determine the qualifications of the provider or whether the provider is or has acted in violation of this act. (2) The provider shall maintain records of …
Mich. Comp. Laws § 550.523 Disclosure of information.
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Sec. 3. A provider shall disclose all of the following information to the viator no later than the date the contract is signed by the viator: (a) Options other than the contract for a person with a terminal illness or condition, including accelerated benefits offered by the issue…
Mich. Comp. Laws § 550.524 Documents to be obtained by provider; right to avoid or rescind contract.
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Sec. 4. (1) A provider entering into a contract with a viator shall obtain both of the following: (a) A written statement from a physician that the viator is of sound mind and under no constraint or undue influence. (b) A signed document by the viator stating: (i) Consent to the …