§ 550.1001 Short title
§ 550.1002 Definitions
§ 550.1003 Persons authorized to sell health benefits; packaging health benefits with insurance; notify agent of record; annual appointment fee; “agent of record” defined
§ 550.1004 Influencing agent prohibited
§ 550.1004a Applicability of certain statutory provisions
§ 550.1005 Compensation of health benefit agents
§ 550.1006 Authorized agents; requirements, duties, and restrictions; powers of commissioner
§ 550.1008 Contracts or other arrangements for packaging of health benefits with insurance; policy supplementing health benefits of health maintenance organization
§ 550.1009 Licensing affiliate of health benefit corporation as insurance agent prohibited
§ 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
§ 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 prohibit
§ 550.1014 Suspension, revocation, refusal to grant, or refusal to renew accident and health insurance license; grounds; notice; hearing; summary suspension; subpoenas
§ 550.1016 Violation of act; orders; penalties for violation of cease and desist order; injunction
§ 550.1018 Construction of act
§ 550.1020 Conditional effective date
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Terms Used In Michigan Laws > Chapter 550 > Act 252 of 1986 - The Health Benefit Agent Act

  • Affiliate: means that term as defined in section 1301 of the insurance code of 1956, Act No. See Michigan Laws 550.1002
  • Commissioner: means the commissioner of insurance. See Michigan Laws 550.1002
  • Contract: A legal written agreement that becomes binding when signed.
  • Control: 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Health benefit: means any benefit or service lawfully provided by a health benefit corporation. See Michigan Laws 550.1002
  • Health benefit agent: means a person who meets all of the following criteria:
    (i) Is a licensed accident and health insurance agent under chapter 12 of the insurance code of 1956, Act No. See Michigan Laws 550.1002
  • Health benefit corporation: means :
    •     (i) A health care corporation organized under Act No. See Michigan Laws 550.1002
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • Influence: means to manage, direct, mandate, or give a reward or benefit to a person. See Michigan Laws 550.1002
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Package: means to sell health benefits simultaneously or in conjunction with the sale of insurance. 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
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • 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
  • Statute: A law passed by a legislature.
  • Subscriber: means a person who enters into a contract, or on whose behalf a contract is entered into, with a health benefit corporation for the provision of health benefits. See Michigan Laws 550.1002
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.