Michigan Laws 550.1008 – Contracts or other arrangements for packaging of health benefits with insurance; policy supplementing health benefits of health maintenance organization
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(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 550.1101 to 550.1704 of the Michigan Compiled Laws, shall not, either itself or through any affiliate or agent, enter into a contract or other arrangement with any insurer or other person which provides for the packaging of health benefits with insurance.
(2) A health benefit corporation may arrange for excess loss insurance in conjunction with the sale of administrative services benefits.
Terms Used In Michigan Laws 550.1008
- Affiliate: means that term as defined in section 1301 of the insurance code of 1956, Act No. See Michigan Laws 550.1002
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Health benefit: means any benefit or service lawfully provided by a health benefit corporation. See Michigan Laws 550.1002
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
(3) A health maintenance organization licensed under part 210 of the public health code, Act No. 368 of the Public Acts of 1978, being section 333.21001 to 333.21098 of the Michigan Compiled Laws, may arrange with an insurer for the insurer to sell a policy to supplement the health benefits of the health maintenance organization.