PRUDENT PURCHASER ACT
Act 233 of 1984
550.58 Organization subject to enabling act; financial records.
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.
History: 1984, Act 233, Eff. Dec. 20, 1984
Compiler's Notes:
For transfer of authority, powers, duties, functions, and responsibilities of the insurance bureau and the commissioner of insurance to the commissioner of the office of financial and insurance services and the office of financial and insurance services, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
Notes of Decisions
Cited in
6
cases (
1 in the last 5 years), 1996–2025 · leading case:
Perez v. Hemingway, 157 F. Supp. 2d 790 (E.D. Mich. 2001).
Perez v. Hemingway, 157 F. Supp. 2d 790 (E.D. Mich. 2001).
· cites it 2× “staff in understanding and implementing these amendments to Section 550.58, the B.O.P. issued Program Statement 5162.”
BPS Clinical Labs. v. Blue Cross & Blue Shield, 552 N.W.2d 919 (Mich. Ct. App. 1996).
“Applying the restrictions on enforcement in Act 350 to the PPA, only the Attorney General and the Insurance Commissioner are entitled to enforce the PPA by a direct action against a health care corporation.”
LaPlante v. Pontesso, 961 F. Supp. 186 (E.D. Mich. 1997).
“Chapter 227, Subchapter D, and who completes a residential drug abuse treatment program including subsequent transitional services in a community-based program (i.”
Tillmon v. Hemingway, 119 F. Supp. 2d 705 (E.D. Mich. 2000).
· cites it 2× “§ 3621 (e)(2)(B) in a regulation, which reads in pertinent part as follows: § 550.58 Consideration for early release.”
Brown v. Scibana, 86 F. Supp. 2d 702 (E.D. Mich. 2000).
“58 originally defined felon in possession as a "crime of violence,” thereby rendering inmates convicted of felon in possession statutorily ineligible for early release.”
Vicochea (E.D. Mich. 2025).
· cites it 3× “58 went into effect, after the BOP published notice in the Federal Register of comments that it had received on the interim regulation § 550.58, any responses to it, and notice that the interim regulation would become final.”
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