Michigan Laws 550.1018 – Construction of act
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Terms Used In Michigan Laws 550.1018
- 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
- Health benefit corporation: means :
(i) A health care corporation organized under Act No. See Michigan Laws 550.1002
This act shall not be construed as authorizing a health benefit corporation or affiliate of a health benefit corporation to market or transact, as defined in section 402a and 402b of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, being section 500.402a and 500.402b of the Michigan Compiled Laws, any type of insurance described in chapter 6 of the insurance code of 1956, Act No. 218 of the Public Acts of 1956, being section 500.600 to 500.644 of the Michigan Compiled Laws.