Section 500.560. Violations.

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(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.

History: 2004 AACS.

                    
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