Section 550.1751 – Short Title.
550.1751 Short title. Sec. 1. This act shall be known and may be cited as the “insurance provider assessment act”. History: 2018, Act 175, Imd. Eff. June 11, 2018
Section 550.1753 – Definitions.
550.1753 Definitions. Sec. 3. As used in this act: (a) “Department” means the department of treasury. (b) “Excess loss” or “stop loss” means coverage that provides insurance protection against the accumulation of total claims exceeding a stated level for a group as a whole or protection against a high-dollar claim on any 1 individual. (c) […]
Section 550.1755 – Waiver Request; Notification of Member Months, Rate, and Insurance Providers by Tier.
550.1755 Waiver request; notification of member months, rate, and insurance providers by tier. Sec. 5. (1) If the department of health and human services has not already submitted an application to the federal Centers for Medicare and Medicaid Services to request a waiver, for a period of not less than 5 years, of the broad-based […]
Section 550.1757 – Assessment; Levy; Rates; Payment Method.
550.1757 Assessment; levy; rates; payment method. Sec. 7. (1) Beginning on the first day of the calendar quarter in which the director of the department of health and human services notifies the secretary of state and the department in writing that the federal Centers for Medicare and Medicaid Services has approved its request for a […]
Section 550.1759 – Records; Failure to File Return or Keep Proper Records; Right of Department to Impose Assessment.
550.1759 Records; failure to file return or keep proper records; right of department to impose assessment. Sec. 9. (1) An insurance provider liable for the assessment under this act shall keep accurate and complete records and pertinent documents as may be required by the department. Records required by the department shall be retained for a […]
Section 550.1761 – Administration of Assessment; Conflicting Provisions of Law; Rules; Annual Report.
550.1761 Administration of assessment; conflicting provisions of law; rules; annual report. Sec. 11. (1) The department shall administer the assessment imposed under this act under 1941 PA 122, MCL 205.1 to 205.31, and this act. If 1941 PA 122, MCL 205.1 to 205.31, and this act conflict, the provisions of this act apply. The assessment […]
Section 550.1620 – Certificate Subject to Policy and Certificate Issuance and Rate Filing Requirements; Establishment of Reasonable Open Enrollment Periods; Frequency and Duration; Denial, Condition, or Discrimination.
550.1620 Certificate subject to policy and certificate issuance and rate filing requirements; establishment of reasonable open enrollment periods; frequency and duration; denial, condition, or discrimination. Sec. 620. (1) Notwithstanding any provision of this act to the contrary, a certificate delivered, issued for delivery, or renewed in this state on or after January 1, 2014 by […]
Section 550.1651 – Definitions.
550.1651 Definitions. Sec. 651. As used in this part: (a) “Board” means the board of a health endowment fund corporation incorporated under this part. (b) “Executive director” means the executive director of a fund appointed by the board. (c) “Fund” means a health endowment fund corporation organized as a nonprofit corporation under section 653. History: […]
Section 550.1652 – Health Endowment Fund Corporation; Incorporation; Conflict of Interest; Appointment of Board Members; Vacancy; Terms; Quorum; Vote; Business Open to Public; Notice; Meeting in Closed Session; Minutes; Compensation.
550.1652 Health endowment fund corporation; incorporation; conflict of interest; appointment of board members; vacancy; terms; quorum; vote; business open to public; notice; meeting in closed session; minutes; compensation. Sec. 652. (1) A health endowment fund corporation shall not be incorporated in this state except under this part. (2) A board shall adopt a conflict of […]
Section 550.1653 – Charitable Purpose Nonprofit Corporation; Receipt and Administration of Funds; Articles of Incorporation; Grants; Conflict With Other Provisions of Law; Social Mission Contributions; Fund as Private, Nonprofit Corporation.
550.1653 Charitable purpose nonprofit corporation; receipt and administration of funds; articles of incorporation; grants; conflict with other provisions of law; social mission contributions; fund as private, nonprofit corporation. Sec. 653. (1) A charitable purpose nonprofit corporation may be incorporated on a nonstock, directorship basis, under the nonprofit corporation act, 1982 PA 162, MCL 450.2101 to […]