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2020 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 175 of 2018 Insurance Provider Assessment Act (550.1751 - 550.1767)
AN ACT to impose an assessment on certain insurance providers; to impose certain duties and obligations on certain insurance providers, state departments, agencies, and officials; to create certain funds; to authorize certain expenditures; and to impose certain remedies and penalties.
History: 2018, Act 175, Imd. Eff. June 11, 2018
- Section 550.1751 Short Title.
- Section 550.1753 Definitions.
- Section 550.1755 Waiver Request; Notification of Member Months, Rate, and Insurance Providers by Tier.
- Section 550.1757 Assessment; Levy; Rates; Payment Method.
- Section 550.1759 Records; Failure to File Return or Keep Proper Records; Right of Department to Impose Assessment.
- Section 550.1761 Administration of Assessment; Conflicting Provisions of Law; Rules; Annual Report.
- Section 550.1763 Insurance Provider Fund; Establishment; Creation; Deposit; Transfer of Money.
- Section 550.1765 Appropriation for Administration.
- Section 550.1767 Failure to Pay Assessment, Interest, or Penalty; Final Determination; Written Notice to Director; Suspension or Revocation of Certificate of Authority to Transact Insurance.
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