510.19 - CLAIM ADJUSTMENT AND SETTLEMENT.
510.19 CLAIM ADJUSTMENT AND SETTLEMENT. The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.
Section History: Recent Form 89 Acts, ch 227, § 12; 2006 Acts, ch 1117, §45 Referred to in § 510.21