Section 500.3557 - Notice of changes in operations.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3557 Notice of changes in operations.
Sec. 3557.
A health maintenance organization shall file notice with the commissioner of any substantive changes in operations no later than 30 days after the substantive change in operations. 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 commissioner 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 copy of the revised articles of incorporation or bylaws shall be included 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
Popular Name: Act 218
Popular Name: HMO