THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3557 Notice of changes in operations.
A health maintenance organization shall file notice with the director of any substantive changes in operations within 30 days after the substantive change in operations occurs. A substantive change in operations includes, but is not limited to, any of the following:
(a) A change in the health maintenance organization's officers or directors. In addition to the notification, the health maintenance organization shall file a disclosure statement on a form prescribed by the director for each newly appointed or elected officer or director.
(b) A change in the location of corporate offices.
(c) A change in the organization's articles of incorporation or bylaws. A health maintenance organization shall include a copy of the revised articles of incorporation or bylaws with the notice.
(d) A change in contractual arrangements under which the health maintenance organization is managed.
(e) Any other significant change in operations.
History: Add. 2000, Act 252, Imd. Eff. June 29, 2000
Am. 2016, Act 276, Imd. Eff. July 1, 2016
Popular Name: Act 218
Popular Name: HMO
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