Act 252 of 1986 The Health Benefit Agent Act (550.1001 - 550.1020)

Act 252 of 1986 The Health Benefit Agent Act (550.1001 - 550.1020)

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.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish