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2020 Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 252 of 1986 The Health Benefit Agent Act (550.1001 - 550.1020)
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.
- Section 550.1001 Short Title.
- Section 550.1002 Definitions.
- Section 550.1003 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 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.
- 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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