Michigan § 550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).

Michigan Statutes

§ 550.914 — Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).

Michigan § 550.914

Ch. 550GENERAL INSURANCE LAWS

Act 218 of 1984THIRD PARTY ADMINISTRATOR ACT (550.901-550.962)

This text of Michigan § 550.914 (Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 550.914 (2026).

Text

THIRD PARTY ADMINISTRATOR ACT (EXCERPT) Act 218 of 1984 550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1). Sec. 14.

(1)The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator.

(2)If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval.

(3)A TPA shall continue to meet the conditions required under subsection (1) after the certificate of authority is issued.

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THIRD PARTY ADMINISTRATOR ACT (EXCERPT) Act 218 of 1984 550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1). Sec. 14. (1) The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator. (2) If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval. (3) A TPA shall continue to meet the conditions required under subsection (1) after the certificate of authority is issued.