Michigan Laws 550.919 – TPA advisory board; creation; appointment, qualifications, and terms of members; expenses; duty of board; report
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(1) A TPA advisory board is created. The board shall consist of 7 members appointed by the commissioner, at least 4 of whom shall be individuals employed by TPAs who are not in the employ of a carrier and who do not have a significant ownership interest in a carrier. The members of the board shall serve 3-year terms and shall serve without compensation but shall be reimbursed for their actual and necessary expenses incurred in the performance of their duties. The board shall advise the commissioner as to the operations of this act, including:
(a) The procedure for granting licenses and certificates.
Terms Used In Michigan Laws 550.919
- Board: means the TPA advisory board created under section 19. See Michigan Laws 550.902
- Carrier: means an insurer, including a health maintenance organization, regulated under the insurance code of 1956, 1956 PA 218, MCL 500. See Michigan Laws 550.902
- Commissioner: means the director. See Michigan Laws 550.902
- TPA: means a person that directly or indirectly processes claims under a service contract and that may also provide 1 or more other administrative services under a service contract, other than under a worker's compensation self-insurance program pursuant to section 611 of the worker's disability compensation act of 1969, 1969 PA 317, MCL 418. See Michigan Laws 550.902
(b) The subject areas for the written examination for managers.
(c) The implementation of this act.
(d) Making recommendations to the commissioner for guidelines for the implementation of section 40 to 44.
(e) Making recommendations to the commissioner regarding the regulatory standards for excess loss insurance required by section 32(4).
(2) The board shall issue a report to the commissioner on the operations of this act not later than 3 years after the effective date of this act.