550.351 Nonprofit dental care corporation; formation; purpose; types of dental care plans; services in other states; corporation subject to nonprofit corporation act. Sec. 1. (1) Three or more residents of this state may form a nonprofit corporation under the provisions of this act for the purpose of establishing, maintaining, and operating nonprofit dental care plans […]
550.352 Subscriber contract payment regulations; prohibited provisions. Sec. 2. No contract shall provide for the payment of any cash or other material benefits to a subscriber or to his estate on account of death, illness or injury, or be in any way related to the payment of any such benefit by any other agency. History: […]
550.353 Supervision by insurance commissioner; incorporation procedures. Sec. 3. A nonprofit dental care corporation is subject to regulation and supervision by the commissioner of insurance as hereinafter provided. Any law of this state now or hereafter in force relating to insurance or corporations engaged in the business of insurance shall not apply unless such law […]
550.354 Articles of incorporation; contents. Sec. 4. Any persons associating as a nonprofit dental care corporation shall qualify under this act by subscribing to and filing articles of incorporation as provided in section 5. The articles shall contain: (a) The names of the incorporators and their places of residence. (b) The location of the principal […]
550.355 Articles of incorporation; execution, filing, fee, approval, amendment. Sec. 5. The articles shall be acknowledged before a notary public of this state by at least 1 of the persons signing them. The articles shall be filed in triplicate in the form prescribed by the commissioner of insurance. A corporation shall pay to the commissioner […]
550.356 Contracts; statement to insurance commissioner; contents, examination. Sec. 6. Before a corporation shall enter into or solicit contracts to provide dental services at the expense of such corporation to persons who shall become subscribers, it shall file a statement with the commissioner of insurance showing in full detail: (a) The plan on which it […]
550.357 Certificate of authority to commence business and issue contracts; requirements. Sec. 7. If the commissioner is satisfied that: (a) The solicitation of subscriptions would not work a fraud upon the persons so solicited, (b) The rates to be charged and the benefits to be provided are fair and reasonable, (c) The amount of money […]
550.358 Certificate of authority; revocation; liquidation. Sec. 8. The commissioner of insurance, after reasonable notice and hearing, may revoke a certificate, order or consent, made by him and forbid applications for membership, upon being satisfied that further solicitation of subscribers would work a fraud upon the persons so solicited. He may make such investigations from […]
550.359 Corporation examination by insurance commissioner; expenses. Sec. 9. The commissioner of insurance, or any deputy, examiner, or other person whom the commissioner appoints, may visit and examine into the affairs of a corporation, have free access to all of the books, papers, and documents that relate to the business of the corporation, may summon […]
550.359a Nonprofit dental care corporation subject to MCL 500.224 and 500.225; costs and expenses. Sec. 9a. A nonprofit dental care corporation is subject to sections 224(4) through (13) and 225 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, being sections 500.224 and 500.225 of the Michigan Compiled Laws, […]
550.360 Annual statement; filing. Sec. 10. A corporation, annually on or before March 1 of each year, shall file in the office of the commissioner of insurance a sworn statement verified by at least 2 of its principal officers showing its condition on the preceding December 31, which shall be in such form and contain […]
550.361 Providing dental services outside state. Sec. 11. A dental care corporation may provide dental services to persons outside the state who are eligible under contracts entered into under section 19. History: 1963, Act 125, Eff. Sept. 6, 1963 ;– Am. 1990, Act 129, Imd. Eff. June 26, 1990 Compiler’s Notes: For transfer of authority, […]
550.362 Dental care service contracts; preliminary requirements; payments. Sec. 12. A dental care corporation before entering into a contract with an applicant or group of applicants for dental services may require: (a) A physical examination of the applicant and each of his dependents and proof of their substantial freedom from any disease or condition requiring […]
550.363 Dental care corporation; board of directors; membership, consideration of candidates recommended by Michigan Dental Association; composition of board; hearing to determine compliance; findings; order; failure to comply with order; civil fine; information to be provided by dental care corporation. Sec. 13. (1) The board of directors of a dental care corporation must have not […]
550.364 Contract limitations; service classes; county residents. Sec. 14. A dental care corporation, by its articles of incorporation or bylaws, may limit the care that it will furnish, and may divide such care as it elects to furnish into classes or kinds. A corporation by its bylaws may limit the issuance of contracts to residents […]
550.365 Dentists; eligibility; agreements with corporation. Sec. 15. A licensed dentist is eligible to render professional services to subscribers upon compliance with uniform requirements prescribed by the dental care corporation. At least 1/4 of the resident licensed dentists practicing in this state shall execute and maintain agreements with the corporation to render dental care to […]
550.366 Subscriber-dentist relationship; choice of dentist; refusal to place name of dentist on register; removal of name from register. Sec. 16. The relation between a subscriber or any of his or her dependents and a dentist shall be identical with the relation that ordinarily exists in the community between a dentist and his or her […]
550.366a Prudent purchaser agreements; rates; provisions inapplicable to certain contracts and renewal thereof. Sec. 16a. (1) A dental care corporation may enter into prudent purchaser agreements with dentists pursuant to the prudent purchaser act. (2) The rates charged by a corporation for coverage under contracts issued under this section shall not be unreasonably lower than […]
550.367 Reserve funds; maintenance; investment. Sec. 17. A dental care corporation, before beginning business and at all times while engaged in business, shall maintain reserves in such form and amount as the commissioner of insurance may determine. Reserve funds shall be invested only in securities permitted by the laws of this state for the investment […]
550.368 Dental care to be in accordance with accepted dental practice. Sec. 18. Dental care rendered by a dental care corporation shall at all times be in accordance with the accepted dental practice in the community in which the care was rendered. A corporation shall furnish dental care only through licensed dentists. History: 1963, Act […]
