Mich. Admin. Code R. 500.560 – Violations. | Midpage
Rule 500.560
Mich. Admin. Code R. 500.560
Violations.
(By the authority conferred on the Office of Financial and Insurance Services by Section 547 of 1956 PA 215, MCL 500.547, by Section 210 of 1956 PA 218, MCL 500.210, and E.R.O. No. 2003-1, and pursuant to 15 U.S.C. 6801, 6805(a)(6), 6805(b), 6805(c))Insurance
(a) As provided in MCL 500.2013, a violation of any requirement of this regulation is an unfair method of competition or an unfair or deceptive act and practice in the conduct of the business of insurance in this state.
(b) If a licensee complies with all requirements of the federal health insurance portability and accountability (HIPAA) privacy rule, including security standards and any more stringent laws, 45 CFR parts 160 and 164, for all customer information in the licensee's possession - financial, health, and medical - such compliance shall also constitute compliance with chapter 5 of the insurance code, MCL 500.501 to 500.547, and these safeguarding rules.