Michigan Laws 550.1009 – Licensing affiliate of health benefit corporation as insurance agent prohibited
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 550.1009
- Affiliate: means that term as defined in section 1301 of the insurance code of 1956, Act No. See Michigan Laws 550.1002
- 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
An affiliate of a health benefit corporation must not be licensed as an insurance agent under chapter 12 of the insurance code of 1956, 1956 PA 218, MCL 500.1201 to 500.1247.