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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.3557 Notice of changes in operations.

179 words·~1 min read·/mi/chapter-500/500-3557

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500.3557 Notice of changes in operations.
Sec. 3557.
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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