2010 Michigan Compiled Laws
Chapter 550 - GENERAL INSURANCE LAWS
Act 218 of 1984 - THIRD PARTY ADMINISTRATOR ACT (550.901 - 550.962)
Section 550.914 - Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).
THIRD PARTY ADMINISTRATOR ACT (EXCERPT)Act 218 of 1984
550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).
Sec. 14.
(1) The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator.
(2) If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval.
(3) A TPA shall continue to meet the conditions required under subsection (1) after the certificate of authority is issued.
History: 1984, Act 218, Eff. Jan. 1, 1985
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Am. 2002, Act 74, Imd. Eff. Mar. 15, 2002
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