Section 500.3902 - Offer of long-term care coverage by subsidiary of health care corporation.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3902 Offer of long-term care coverage by subsidiary of health care corporation.
Sec. 3902.
A nonprofit health care corporation shall only offer long-term care coverage through a subsidiary of the health care corporation and as provided in this chapter. If a health care corporation subsidiary offers long-term care coverage in this state, the sale of that coverage is not exempt from taxation by this state or any political subdivision of this state.
History: Add. 2006, Act 441, Imd. Eff. Oct. 19, 2006
Popular Name: Act 218