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Michigan Compiled Laws Complete Through PA 47 of 2019
House: Adjourned until Tuesday, August 20, 2019 12:00:00 PM
Senate: Adjourned until Tuesday, August 20, 2019 10:00:00 AM


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218-1956-70
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 70
MULTIPLE EMPLOYER WELFARE ARRANGEMENTS

DocumentTypeDescription
Section 500.7001SectionDefinitions.
Section 500.7004SectionEmployee welfare benefit plan as multiple employer welfare arrangement; certificate of authority required; applicability of chapter.
Section 500.7006SectionBenefits to which authorized MEWA limited.
Section 500.7010SectionApplication for certificate of authority; form; submission of application and other documents to commissioner; examination of application and documents; investigation; examination under oath of certain persons.
Section 500.7011SectionConditions to issuance of certificate of authority.
Section 500.7012SectionFees; payment and collection; service of process; designation and purpose of fees.
Section 500.7014SectionIssuance of certificate of authority; refusal to grant certificate; notice of refusal; request for and conduct of hearing.
Section 500.7018SectionTemporary certificate; organization of proposed MEWA; opening books to commissioner; condition to issuance of final certificate.
Section 500.7020SectionIssuance of policies by MEWA; premium or premium deposit; contingent premium; restoration of cash reserves.
Section 500.7022SectionName of MEWA; proof of existence of MEWA.
Section 500.7024SectionPowers of MEWA.
Section 500.7026SectionArticles, bylaws, and trust agreement of MEWA and amendments thereto; filing; approval; form for trust agreement; notice of meeting; voting rights; powers to be exercised by board of trustees; restrictions on trustees.
Section 500.7028SectionDuties of trustees; limitation on liability of trustee.
Section 500.7030SectionOfficers and agents; selection and appointment; authority and duties; removal; bond.
Section 500.7032SectionCompensation of trustee, officer, or employee.
Section 500.7034SectionTrustee or officer; prohibited conduct; violation as felony; penalty.
Section 500.7040SectionFinancial statements and reports required to be filed; commingling of cash reserves prohibited.
Section 500.7044SectionNotice to individual covered by plan.
Section 500.7050SectionExamination of affairs of MEWA; access to books, records, and documents; examination of trustees, officers, agents, and employees; payment and disposition of assessment.
Section 500.7060SectionAdditional provisions to which MEWA subject.
Section 500.7070SectionCertificate of authority; grounds for suspension, revocation, or limitation.
Section 500.7074SectionWritten findings of violation; issuance and service of findings and cease and desist order; additional orders.
Section 500.7076SectionViolation of cease and desist order; notice; hearing; civil fine; suspension or revocation of certificate of authority.
Section 500.7078SectionConduct of proceedings for payment of fines or for suspension, revocation, or limitation of certificate of authority; appeal of disputed claim; hearing.
Section 500.7080SectionMultiple employer welfare arrangement security fund; creation; administration; use; appointment, qualifications, terms, and compensation of board of trustees; powers of board of trustees; payment of and accounting for expenses.
Section 500.7084SectionAssessments; purpose; limitation; notice; payment; assessments as elements of loss for purpose of establishing rates; liability of employer ceasing to participate in MEWA; certification of collection and receipt of money from assessments; noting delinquencies; collection of delinquent assessment; transfer of money to state treasurer; treasurer or custodian of fund; investments; crediting earnings from investment.
Section 500.7086SectionSecurity fund as creditor of insolvent MEWA; reimbursement from insolvent MEWA.
Section 500.7090SectionEffective date of chapter.
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