Terms Used In Michigan Laws 550.524a

  • Provider: means a person who enters into a viatical settlement contract with a viator. See Michigan Laws 550.521
  • Viator: means the owner or holder of a policy who has a terminal illness or condition and who enters into a viatical settlement contract. See Michigan Laws 550.521
   A provider shall not offer to provide or provide any payment to a viator that is conditioned on the viator’s agreement to commit suicide.