500.102 Definitions.
346 words·~2 min read·
/mi/chapter-500/500-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
500.102 Definitions.
Sec. 102.
As used in this act:
(a)"Commissioner" means the director.
(b)"Department" means the department of insurance and financial services.
(c)"Director" means, unless the context clearly implies a different meaning, the director of the department.
(d)"Office of financial and insurance regulation" and "office of financial and insurance services" mean the department.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 2000, Act 252 , Imd. Eff. June 29, 2000 ;-- Am. 2014, Act 509 , Imd. Eff. Jan. 14, 2015 ;-- Am. 2014, Act 566 , Imd. Eff. Jan. 15, 2015 ;-- Am. 2014, Act 571 , Eff. Mar. 31, 2015
Compiler's Notes: Enacting section 1 of Act 566 of 2014 provides:"Enacting section 1.
(1)This amendatory act shall not be construed to do any of the following:
(a)Authorize this state or an agency of this state to conduct or oversee state-level governmental consumer assistance functions for an American health benefit exchange established or operating in this state under the patient protection and affordable care act, Public Law 111-148, as amended by the health care and education reconciliation act of 2010, Public Law 111-152.
(b)Convey any administrative, statutory, rule-making, or other power to this state or an agency of this state to authorize, establish, or operate an American health benefit exchange in this state that did not exist before the effective date of this amendatory act.
(2)It is the intent of this legislature that any consumer assistance functions by or overseen by this state or an agency of this state with regard to an American health benefit exchange shall be conducted in a manner that utilizes and highlights Michigan-based resources, including insurance producers, in order to best serve the residents of this state and to ensure appropriate health care decisions."Enacting section 2 of Act 566 of 2014 provides:"Enacting section 2. This amendatory act applies to policies, certificates, or contracts delivered, issued for delivery, or renewed in this state on and after the effective date of this amendatory act."
Popular Name: Act 218
Popular Name: Essential Insurance