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Terms Used In Michigan Laws 550.1004

  • 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
  • Influence: means to manage, direct, mandate, or give a reward or benefit to a person. See Michigan Laws 550.1002
     A health benefit corporation shall not attempt in any way to influence an agent in the packaging of health benefits.