Section 500.3505 - Certificate of authority; use of descriptive words; restrictions.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3505 Certificate of authority; use of descriptive words; restrictions.
Sec. 3505.
(1) A health maintenance organization shall receive a certificate of authority under this chapter before issuing health maintenance contracts. A health maintenance organization license issued under former part 210 of the public health code, 1978 PA 368, automatically becomes a certificate of authority under this chapter on the effective date of this chapter.
(2) “Health maintenance organization” shall not be used to describe or refer to any entity or person and an entity or person shall not use any other descriptive words that may mislead, deceive, or imply that it is a health maintenance organization, unless the entity or person has a certificate of authority as a health maintenance organization under this chapter.
(3) A health maintenance organization shall not use in its name, contracts, or literature the words “insurance”, “casualty”, “surety”, “mutual”, or any other words descriptive of an insurance, casualty, or surety business or deceptively similar to the name or description of an insurance or surety corporation doing business in this state.
History: Add. 2000, Act 252, Imd. Eff. June 29, 2000
Popular Name: Act 218
Popular Name: HMO