MCL - 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.
| 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. |