MCL - Act 252 of 1986


Act 252 of 1986

AN ACT to regulate the marketing and transacting of certain health benefits; to regulate the agents of health benefit corporations; to establish certain powers and duties of health benefit corporations and agents of health benefit corporations; to establish the powers and duties of certain state officers and agencies; and to provide for certain penalties.

History: 1986, Act 252, Eff. Mar. 31, 1987
Compiler's Notes: For transfer of the Department of Insurance and Office of the Commissioner on Insurance from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at MCL 338.3501 of the Michigan Compiled Laws.

The People of the State of Michigan enact:
Document Type Description
Section 550.1001 Section Short title.
Section 550.1002 Section Definitions.
Section 550.1003 Section Persons authorized to sell health benefits; packaging health benefits with insurance; notify agent of record; annual appointment fee; "agent of record" defined.
Section 550.1004 Section Influencing agent prohibited.
Section 550.1004a Section Applicability of certain statutory provisions.
Section 550.1005 Section Compensation of health benefit agents.
Section 550.1006 Section Authorized agents; requirements, duties, and restrictions; powers of commissioner.
Section 550.1008 Section Contracts or other arrangements for packaging of health benefits with insurance; policy supplementing health benefits of health maintenance organization.
Section 550.1009 Section Licensing affiliate of health benefit corporation as insurance agent prohibited.
Section 550.1010 Section Health benefit agent as fiduciary; evidence of violation of fiduciary responsibility; use of reasonable accounting methods; records required; examination of records; prohibited conduct.
Section 550.1012 Section Notice of termination of agent's authority; liability; duration of agent's responsibility; cancellation or refusal to renew certificate of subscriber; certain referrals or communications prohibited; records, names of subscribers, and expiration dates of certificates and contracts as property of agent; copies of written communications between health benefit corporations and subscribers; grounds for cancellation of agent's contract or termination of agent's authority; authorizing licensed accident and health insurance agent to sell health benefits.
Section 550.1014 Section Suspension, revocation, refusal to grant, or refusal to renew accident and health insurance license; grounds; notice; hearing; summary suspension; subpoenas.
Section 550.1016 Section Violation of act; orders; penalties for violation of cease and desist order; injunction.
Section 550.1018 Section Construction of act.
Section 550.1020 Section Conditional effective date.