Sec. 14.
(1) The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator.
(2) If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval.
(3) A TPA shall continue to meet the conditions required under subsection (1) after the certificate of authority is issued.
History: 1984, Act 218, Eff. Jan. 1, 1985 ;-- Am. 2002, Act 74, Imd. Eff. Mar. 15, 2002
Structure Michigan Compiled Laws
Chapter 550 - General Insurance Laws
Act 218 of 1984 - Third Party Administrator Act (550.901 - 550.962)
Section 550.901 - Short Title.
Section 550.902 - Definitions.
Section 550.916 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.
Section 550.918 - Fees; Payment; Collection; and Designation.
Section 550.920 - Authority of Commissioner.
Section 550.924 - Destruction or Disposal of Records, Books, Papers, and Other Data.
Section 550.927 - Disclosure of Current Selling Prices; Prohibited Contract Provisions.
Section 550.934 - Confidentiality.
Section 550.936 - Annual Statement; Report.
Section 550.940 - Prohibited Conduct Generally.
Section 550.942 - Additional Prohibited Conduct.
Section 550.944 - Additional Prohibited Conduct.
Section 550.954 - Alteration, Modification, or Setting Aside of Order.
Section 550.958 - Self-Incrimination; False Oath or Affirmation.
Section 550.962 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.