Sec. 7030.
The board of trustees shall select such officers as designated in the articles or bylaws and may appoint agents as they may deem necessary for the transaction of the business of the MEWA. All officers and agents shall respectively have such authority and perform such duties in the management of the property and affairs of the MEWA, as may be delegated by the board of trustees. Any officer or agent may be removed by the board of trustees whenever in their judgment the business interests of the MEWA will be served thereby. The board of trustees shall secure the fidelity of any or all of such officers or agents who handle the funds of the MEWA by bond or otherwise.
History: Add. 1986, Act 121, Eff. July 1, 1986 Popular Name: Act 218
Structure Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-70 - Chapter 70 Multiple Employer Welfare Arrangements (500.7001...500.7090)
Section 500.7001 - Definitions.
Section 500.7006 - Benefits to Which Authorized Mewa Limited.
Section 500.7011 - Conditions to Issuance of Certificate of Authority.
Section 500.7022 - Name of Mewa; Proof of Existence of Mewa.
Section 500.7024 - Powers of Mewa.
Section 500.7028 - Duties of Trustees; Limitation on Liability of Trustee.
Section 500.7032 - Compensation of Trustee, Officer, or Employee.
Section 500.7034 - Trustee or Officer; Prohibited Conduct; Violation as Felony; Penalty.
Section 500.7044 - Notice to Individual Covered by Plan.
Section 500.7060 - Additional Provisions to Which Mewa Subject.
Section 500.7070 - Certificate of Authority; Grounds for Suspension, Revocation, or Limitation.
Section 500.7086 - Security Fund as Creditor of Insolvent Mewa; Reimbursement From Insolvent Mewa.