2020 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 218 of 1984 Third Party Administrator Act (550.901 - 550.962)
Section 550.936 Annual Statement; Report.
Sec. 36.
(1) Each TPA acting within this state shall annually, on or before March 1, prepare under oath and deposit with the commissioner a statement concerning its affairs upon a form provided by the commissioner. The annual statement shall be filed on or before March 1 of the year following that covered by the statement. Upon request and for good cause shown, the commissioner may grant to any TPA a reasonable extension of time not to exceed 30 days within which the statement shall be filed. The TPA shall pay the filing fee prescribed in section 18.
(2) The commissioner shall submit to the legislature on or before April 1, 1985, a report detailing the impact of this act on plans, individuals covered by plans, carriers, and TPAs. The report shall also, in consultation with the revenue commissioner, estimate the total financial impact on the state of Michigan during the preceding legislative biennium.
History: 1984, Act 218, Eff. Jan. 1, 1985
