Michigan Compiled Laws
Act 218 of 1984 - Third Party Administrator Act (550.901 - 550.962)
Section 550.930 - Provision of Administrative Services Pursuant to Written Service Contract; Maintenance of Books and Records; Tpa and Manager as Fiduciary.

Sec. 30.
(1) A TPA may only provide administrative services pursuant to a written service contract. For the duration of the service contract, a TPA shall maintain at its principal administrative office the TPA's books and records of all transactions under the service contract in accordance with generally accepted accounting principles or as required by ERISA.
(2) A TPA and a manager are a fiduciary when collecting, expending, and maintaining money for the payment of claims pursuant to the service contract.
History: 1984, Act 218, Eff. Jan. 1, 1985

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Structure Michigan Compiled Laws

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 550.910 - Third Party Administrator; Certificate Required; Requirements; Instances in Which Tpa Subject to Act; Name.

Section 550.912 - Application for Certificate of Authority; Form, Verification, and Contents; Filing Notice of Modification.

Section 550.914 - Certificate of Authority; Issuance; Notice of Disapproval; Continued Compliance With Subsection (1).

Section 550.916 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.

Section 550.918 - Fees; Payment; Collection; and Designation.

Section 550.919 - Tpa Advisory Board; Creation; Appointment, Qualifications, and Terms of Members; Expenses; Duty of Board; Report.

Section 550.920 - Authority of Commissioner.

Section 550.922 - Hearings.

Section 550.924 - Destruction or Disposal of Records, Books, Papers, and Other Data.

Section 550.926 - 340b Program Entities; Reimbursement, Co-Pay, and Discrimination Prohibitions; Definitions.

Section 550.927 - Disclosure of Current Selling Prices; Prohibited Contract Provisions.

Section 550.930 - Provision of Administrative Services Pursuant to Written Service Contract; Maintenance of Books and Records; Tpa and Manager as Fiduciary.

Section 550.932 - Benefit Plan; Notice; Plan Covering Less Than 500 Individuals; Service Contract Between Tpa and Governmental Entity Not Subject to Erisa; Construction of Act.

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 550.950 - Violation; Probable Cause; Notice; Conference; Disposition of Matter Upon Agreement of Parties; Action for Damages; Hearing; Findings and Decision; Cease and Desist Order; Additional Order.

Section 550.952 - Civil Fine; Suspension or Revocation of Certificate or License; Refusal to Issue; Grounds for Denial, Suspension, Revocation, or Cease and Desist Order; Definition.

Section 550.954 - Alteration, Modification, or Setting Aside of Order.

Section 550.956 - Judicial Review; Petition for Review; Transcript of Record and Copy of Order or Decision; Hearing Cause as Civil Case in Equity; Evidence; Duty of Court; Incomplete Record; Stay of Order or Decision; Jurisdiction.

Section 550.958 - Self-Incrimination; False Oath or Affirmation.

Section 550.960 - Rules.

Section 550.962 - Repealed. 2002, Act 74, Imd. Eff. Mar. 15, 2002.