{"data":{"id":"us-mi/mich.-comp.-laws-550.524","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 550.524","heading":"Documents to be obtained by provider; right to avoid or rescind contract.","body":"Sec. 4.\n\nA provider entering into a contract with a viator shall obtain both of the following:\n\nA written statement from a physician that the viator is of sound mind and under no constraint or undue influence.\n\nA signed document by the viator stating:\n\nConsent to the contract.\n\nAcknowledgment of the terminal illness or condition.\n\nRepresentation that the viator has a full and complete understanding of the contract.\n\nRepresentation that the viator has a full and complete understanding of the benefits of the policy.\n\nA release of the medical records and acknowledgment that the contract has been entered into freely and voluntarily. The provider shall keep all medical records received under this subparagraph confidential.\n\nA viatical settlement contract entered into in this state shall contain a provision giving the viator the right to void the contract for at least 30 days after the date the contract is signed, or 15 days after the receipt of the viatical settlement contract consideration, whichever is less. The provider shall notify the insurer of the policy of a rescission within 30 days of the date that a contract is rescinded under this subsection.","path":["MI Code","Chapter 550","Act Act-386-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-550-524","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b002841eed966b610bb478bbce7e7851f5b21c89bf79b59bdfce9a6f24b295e3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-550.523","next":"us-mi/mich.-comp.-laws-550.524a"},"notice":"GroundRules: Original legal text. Not legal advice."}