{"data":{"id":"us-mi/mich.-comp.-laws-500.3559","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.3559","heading":"Reinsurance contract or plan of self-insurance; purpose; filing; approval; coverage.","body":"Sec. 3559.\n\n(1) Subject to subsection (2), a health maintenance organization shall obtain a reinsurance contract or establish a plan of self-insurance as necessary to ensure solvency or to protect subscribers in the event of insolvency. A reinsurance contract must be with an insurer that is authorized or eligible to transact insurance in this state.\n\n(2) A health maintenance organization shall file a reinsurance contract or plan under subsection (1) for approval with the director within 30 days after the finalization of the contract or plan. A reinsurance contract or plan must clearly state all services to be received by the health maintenance organization. A reinsurance contract or plan is considered approved 30 days after it is filed with the director unless disapproved in writing by the director before the expiration of the 30 days.\n\n(3) A health maintenance organization shall maintain insurance coverage to protect the health maintenance organization that includes, at a minimum, fire, theft, fidelity, general liability, errors and omissions, director's and officer's liability coverage, and malpractice insurance. A health maintenance organization shall obtain the director's prior approval before self-insuring for these coverages.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-3559","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"273c1c0254af215e104a04b4da77b6798d58f12cb681c21ec7332d8fe8b871d8","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.3557","next":"us-mi/mich.-comp.-laws-500.3561"},"notice":"GroundRules: Original legal text. Not legal advice."}