Sec. 602.
(1) Not later than March 1 each year, subject to a 30-day extension that may be granted by the commissioner, a health care corporation shall file in the office of the commissioner a sworn statement verified by at least 2 of the principal officers of the corporation showing its condition as of the preceding December 31. The statement shall be in a form and contain those matters that the commissioner prescribes for a health care corporation, including those matters contained in section 204a. The statement shall include the number of members and the number of subscribers' certificates issued by the corporation and outstanding.
(2) The commissioner, by order, may require a health care corporation to submit statistical, financial, and other reports for the purpose of monitoring compliance with this act.
History: 1980, Act 350, Eff. Apr. 3, 1981 ;-- Am. 2003, Act 59, Eff. July 23, 2003 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350
Structure Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 350 of 1980 - The Nonprofit Health Care Corporation Reform Act (550.1101 - 550.1704)
350-1980-6 - Part 6 (550.1601...550.1620)
Section 550.1601 - Regulation and Supervision of Health Care Corporation; Delegation of Authority.
Section 550.1602 - Statement of Condition; Statistical, Financial, and Other Reports.
Section 550.1603a - Health Care Corporation Subject to MCL 500.224 and 500.225; Costs and Expenses.
Section 550.1604 - Confidentiality; Violation as Misdemeanor; Penalty.
Section 550.1611 - Legislative Intent.
Section 550.1615 - Review of Final Order or Decision.
Section 550.1618 - Compliance With New Procedures, Benefits, or Contracts.
Section 550.1619 - Injunction; Declaratory and Equitable Relief; Enforcement of Act or Rules.