Michigan Compiled 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.
This act shall be known and may be cited as “the health benefit agent act”. History: 1986, Act 252, Eff. Mar. 31, 1987 Compiler's...
Section 550.1002 Definitions.
As used in this act: (a) “Affiliate” means that term as defined in section 1301 of the insurance code of 1956, Act No. 218...
Section 550.1003 Persons Authorized To Sell Health Benefits; Packaging Health Benefits With Insurance; Annual Appointment Fee.
(1) Health benefits shall only be sold on behalf of a health benefit corporation by either of the following: (a) A health benefit agent....
Section 550.1004 Influencing Agent Prohibited.
A health benefit corporation shall not attempt in any way to influence an agent in the packaging of health benefits. History: 1986, Act 252,...
Section 550.1004a Applicability Of Certain Statutory Provisions.
(1) The provisions of sections 1, 2, 3, 4(1), (2), (3), (4), (6), 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15,...
Section 550.1005 Compensation Of Health Benefit Agents.
Health benefit corporations shall compensate health benefit agents primarily on a reasonable commission basis. Health benefit corporations may provide reasonable bonuses or other reasonable...
Section 550.1006 Authorized Agents; Requirements, Duties, And Restrictions; Powers Of Commissioner.
(1) Agents licensed under chapter 12 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, to sell accident...
Section 550.1008 Contracts Or Other Arrangements For Packaging Of Health Benefits With Insurance; Policy Supplementing Health Benefits Of Health Maintenance Organization.
(1) Except as otherwise provided in this act, a health care corporation organized under Act No. 350 of the Public Acts of 1980, being...
Section 550.1009 Licensing Affiliate Of Health Benefit Corporation As Insurance Agent Prohibited; Certain Employees Or Affiliates Of Health Benefit Corporation Prohibited From Transacting Insurance.
(1) An affiliate of a health benefit corporation shall not be licensed as an insurance agent under chapter 12 of the insurance code of...
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.
(1) A health benefit agent shall be a fiduciary for all money received or held by him or her in his or her capacity...
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.
(1) A health benefit corporation shall give to the commissioner and the agent immediate written notice of the termination of an agent's authority to...
Section 550.1014 Suspension, Revocation, Refusal To Grant, Or Refusal To Renew Accident And Health Insurance License; Grounds; Notice; Hearing; Summary Suspension; Subpoenas.
(1) The commissioner, after notice and opportunity for a hearing, may suspend or revoke the accident and health insurance license of an agent who...
Section 550.1016 Violation Of Act; Orders; Penalties For Violation Of Cease And Desist Order; Injunction.
(1) If the commissioner finds that a person has violated this act, after an opportunity for a hearing pursuant to the administrative procedures act...
Section 550.1018 Construction Of Act.
This act shall not be construed as authorizing a health benefit corporation or affiliate of a health benefit corporation to market or transact, as...
Section 550.1020 Conditional Effective Date.
This act shall not take effect unless House Bill No. 5527 of the 83rd Legislature is enacted into law. History: 1986, Act 252, Eff....

Last modified: October 10, 2016