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State RegulationsMI specificDifficulty 1/5

Michigan's Insurance Code consumer privacy provisions (M.C.L. 500.501 to 500.535) and the corresponding Administrative Code rules (R 500.551 to R 500.560) primarily govern:

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Answer & full 3-part explanation (select an option above, or peek)

Why D is correct

The consumer privacy provisions of the Michigan Insurance Code (M.C.L. 500.501 to 500.535) and the Michigan Administrative Code rules (R 500.551 to R 500.560) regulate how insurers and producers may collect, use, and disclose consumers' personal information, including financial and health-related details gathered during underwriting and servicing. They give consumers protections over their own data and are enforced by DIFS.

Why the other options are wrong

  • A) Capital and surplus requirements are solvency regulation, a separate body of Insurance Code provisions from the consumer privacy rules.
  • B) Pre-licensing education requirements are set by the licensing provisions of the Code (the M.C.L. 500.1204 family) and DIFS policy, not by the privacy rules.
  • C) Interest on delayed claim payment is governed by the claims-processing provisions, principally M.C.L. 500.2006, not by the consumer privacy rules.

Memory hook

500.501 to 500.535 = Michigan's rules for who may see your insurance data.

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