Michigan Laws 500.501 – Scope of chapter
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(1) This chapter applies to the treatment of nonpublic personal financial information about individuals who obtain or are claimants or beneficiaries of products or services primarily for personal, family, or household purposes from licensees whether through an individual or group plan. This chapter does not apply to information about companies or about individuals who obtain products or services for business, commercial, or agricultural purposes.
(2) This chapter does not modify, limit, or supersede any provision of section 1243.
Terms Used In Michigan Laws 500.501
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
- Nonpublic personal financial information: means personally identifiable financial information and any list, description, or other grouping of consumers and publicly available information pertaining to them that is derived using any personally identifiable financial information that is not publicly available. See Michigan Laws 500.503
- Statute: A law passed by a legislature.
(3) This chapter does not modify, limit, or supersede statute or rules governing the confidentiality or privacy of individually identifiable health and medical information, including, but not limited to, all of the following:
(a) Section 2157 of the revised judicature act of 1961, 1961 PA 236, MCL 600.2157.
(b) Section 1750 of the mental health code, 1974 PA 258, MCL 330.1750.
(c) The public health code, 1978 PA 368, MCL 333.1101 to 333.25211.
(d) Section 406 of the nonprofit health care corporation reform act, 1980 PA 350, MCL 550.1406.
(e) Sections 410 and 492A of the Michigan penal code, 1931 PA 328, MCL 750.410 and 750.492a.
(f) Section 13 of the freedom of information act, 1976 PA 442, MCL 15.243.
(g) Section 34 of the third party administrator act, 1984 PA 218, MCL 550.934.