State RegulationsMI specificDifficulty 2/5
When soliciting a Medicare supplement application in Michigan, what disclosure documents must the producer deliver to the applicant?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
M.C.L. 500.3813 and 500.3815 impose Michigan's Medicare supplement disclosure duties: the applicant must receive an outline of coverage and the buyer's guide so the benefits of each standardized plan can be compared before purchase. DIFS enforces these disclosure requirements on producers and insurers marketing Medicare supplement coverage in the state.
Why the other options are wrong
- A) An annual financial statement is not among the required Med supplement solicitation disclosures.
- B) Michigan law requires the buyer's guide and outline of coverage, not a producer-assembled comparison of every competitor.
- D) Filed policy forms are regulatory filings, not the consumer disclosure documents the statute requires.
Memory hook
Guide plus outline before the signature line: compare plans, then commit.