Michigan § 550.930 Provision of administrative services pursuant to written service contract; maintenance of books and records; TPA and manager as fiduciary.

Michigan Statutes

§ 550.930 — Provision of administrative services pursuant to written service contract; maintenance of books and records; TPA and manager as fiduciary.

Michigan § 550.930

Ch. 550GENERAL INSURANCE LAWS

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

This text of Michigan § 550.930 (Provision of administrative services pursuant to written service contract; maintenance of books and records; TPA and manager as fiduciary.) 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 § 550.930 (2026).

Text

THIRD PARTY ADMINISTRATOR ACT (EXCERPT) Act 218 of 1984 550.930 Provision of administrative services pursuant to written service contract; maintenance of books and records; TPA and manager as fiduciary. Sec. 30.

(1)A TPA may only provide administrative services pursuant to a written service contract. For the duration of the service contract, a TPA shall maintain at its principal administrative office the TPA's books and records of all transactions under the service contract in accordance with generally accepted accounting principles or as required by ERISA.

(2)A TPA and a manager are a fiduciary when collecting, expending, and maintaining money for the payment of claims pursuant to the service contract.

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THIRD PARTY ADMINISTRATOR ACT (EXCERPT) Act 218 of 1984 550.930 Provision of administrative services pursuant to written service contract; maintenance of books and records; TPA and manager as fiduciary. Sec. 30. (1) A TPA may only provide administrative services pursuant to a written service contract. For the duration of the service contract, a TPA shall maintain at its principal administrative office the TPA's books and records of all transactions under the service contract in accordance with generally accepted accounting principles or as required by ERISA. (2) A TPA and a manager are a fiduciary when collecting, expending, and maintaining money for the payment of claims pursuant to the service contract.