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 […]
Section 550.1654 – Executive Director.
550.1654 Executive director. Sec. 654. (1) A board shall appoint an executive director to serve as the chief executive officer of the fund. The executive director shall serve at the pleasure of the board. The executive director may employ staff and hire consultants as necessary with the approval of the board. The board shall determine […]
Section 550.1655 – Disbursement, Expenditure, and Investment of Money by Fund; System of Financial Accounting, Controls, Audits, and Reports; Appointment of Audit Committee; Duties of Executive Director; Requirement to Keep Accurate Accounting; Cooperation With Investigation.
550.1655 Disbursement, expenditure, and investment of money by fund; system of financial accounting, controls, audits, and reports; appointment of audit committee; duties of executive director; requirement to keep accurate accounting; cooperation with investigation. Sec. 655. (1) Subject to this section, a fund may disburse money contributed to the fund each year, not including any interest, […]
Section 550.1701 – Formal Reorganization Not Required; Duties of Health Care Corporation; Amendments to Articles and Bylaws; Description of Board Restructuring; Review; Certification; Statement of Reasons for Disapproval; Judicial Remedies; Effect of Noncompliance; Extension of Corporate Existence; Powers Undiminished.
550.1701 Formal reorganization not required; duties of health care corporation; amendments to articles and bylaws; description of board restructuring; review; certification; statement of reasons for disapproval; judicial remedies; effect of noncompliance; extension of corporate existence; powers undiminished. Sec. 701. (1) Each health care corporation on the effective date of this act shall be subject to […]
Section 550.1702 – Discontinuation of Certain Rules; Continuation of Certain Orders and Approvals.
550.1702 Discontinuation of certain rules; continuation of certain orders and approvals. Sec. 702. Rules which were promulgated under former Act No. 108 or 109 of the Public Acts of 1939, shall not continue in effect under this act. Orders issued and approvals granted by the commissioner under former Act No. 108 or 109 of the […]
Section 550.1703 – Repeal of MCL 550.301 to 550.316 and 550.501 to 550.517.
550.1703 Repeal of MCL 550.301 to 550.316 and 550.501 to 550.517. Sec. 703. The following acts and parts of acts are repealed: (a) Act No. 108 of the Public Acts of 1939, as amended, being sections 550.301 to 550.316 of the Compiled Laws of 1970. (b) Act No. 109 of the Public Acts of 1939, […]
Section 550.1609 – Excessive Rate; Administrative Expense Budget; Equitable Rate; Adequate Rate; Line of Business to Be Self-Sustaining; Cost Transfers for Benefit of Senior Citizens and Group Conversion Subscribers.
550.1609 Excessive rate; administrative expense budget; equitable rate; adequate rate; line of business to be self-sustaining; cost transfers for benefit of senior citizens and group conversion subscribers. Sec. 609. (1) A rate is not excessive if the rate is not unreasonably high relative to the following elements, individually or collectively; provision for anticipated benefit costs; […]
Section 550.1610 – Filing of Information and Materials Relative to Proposed Rate; Notice; Approval, Approval With Modifications, or Disapproval; Additional Information and Materials; Determination; Notice; Visitation and Examination; Expenses; Order; Effect of Inability to Approve 1 or More Rating Classes of Business Within Line of Business; Information in Support of Nongroup Rate Filing; Public Inspection of Information; Forms and Instructions for Filing Proposed Rates.
550.1610 Filing of information and materials relative to proposed rate; notice; approval, approval with modifications, or disapproval; additional information and materials; determination; notice; visitation and examination; expenses; order; effect of inability to approve 1 or more rating classes of business within line of business; information in support of nongroup rate filing; public inspection of information; […]
Section 550.1611 – Legislative Intent.
550.1611 Legislative intent. Sec. 611. It is the intent of the legislature to promote uniformity of rates among subscribers to the greatest extent practicable. History: 1980, Act 350, Eff. Apr. 3, 1981 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350
Section 550.1612 – Notice of Rate Filing; Contents of Request for Hearing; Advertisements; Limitation on Fee for Copy of Rate Filing; Waiver or Reduction of Fee; Calculation of Costs.
550.1612 Notice of rate filing; contents of request for hearing; advertisements; limitation on fee for copy of rate filing; waiver or reduction of fee; calculation of costs. Sec. 612. (1) Upon receipt of a rate filing under section 610, the commissioner immediately shall notify each person who has requested in writing notice of those filings […]