Michigan Laws 550.1865 – Health care sharing ministry; establishment; operation; business of insurance prohibited
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 550.1865
- Eligible entity: means a faith-based, nonprofit entity that maintains tax-exempt status under section 501(c) of the internal revenue code, 26 USC 501. See Michigan Laws 550.1863
- ministry: means a program established by an eligible entity for the sharing of finances and health care in compliance with this act. See Michigan Laws 550.1863
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
An eligible entity may establish and operate a health care sharing ministry under this act. An eligible entity that establishes and operates a health care sharing ministry in compliance with this act is not engaged in the business of insurance in this state and the entity and ministry are not subject to the insurance laws of this state.