Sec. 8. (1) An organization which provides or administers health care benefits or coverage under a prudent purchaser agreement shall remain subject to all of the provisions of its enabling act. (2) An organization shall maintain financial records for its prudent purchaser agreements and activities in a form separate or separable from the financial records of other operations and activities carried on by the organization.
Mich. Comp. Laws § 550.58
Organization subject to enabling act; financial records
Applied in 1 court decision — leading case 217 Mich. App. 687 - BPS Clinical Laboratories v. Blue Cross & Blue Shield (1996)
Most recently applied in 217 Mich. App. 687 - BPS Clinical Laboratories v. Blue Cross & Blue Shield (September 1996)
1984, Act 233, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.