2006 Michigan Compiled Laws - Act 252 of 1986

THE HEALTH BENEFIT AGENT ACT
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 § 338.3501 of the Michigan Compiled Laws.

The People of the State of Michigan enact:

Document	Description
Section 550.1001	Short title.
Section 550.1002	Definitions.
Section 550.1003	Persons authorized to sell health benefits; packaging health benefits with insurance; annual appointment fee.
Section 550.1004	Influencing agent prohibited.
Section 550.1004a	Applicability of certain statutory provisions.
Section 550.1005	Compensation of health benefit agents.
Section 550.1006	Authorized agents; requirements, duties, and restrictions; powers of commissioner.
Section 550.1008	Contracts or other arrangements for packaging of health benefits with insurance; policy supplementing health benefits of health maintenance organization.
Section 550.1009	Licensing affiliate of health benefit corporation as insurance agent prohibited; certain employees or affiliates of health benefit corporation prohibited from transacting insurance.
Section 550.1010	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	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	Suspension, revocation, refusal to grant, or refusal to renew accident and health insurance license; grounds; notice; hearing; summary suspension; subpoenas.
Section 550.1016	Violation of act; orders; penalties for violation of cease and desist order; injunction.
Section 550.1018	Construction of act.
Section 550.1020	Conditional effective date.

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