31A-25-301 - Written agreements required.
31A-25-301. Written agreements required.
(1) Every third party administrator shall have a written agreement with each insurer andwith each group policyholder represented.
(2) The agreements required by Subsection (1) shall contain provisions which include therequirements of this part, except where those requirements are not applicable to the particularfunctions carried out by the third party administrator.
(3) If a policy is issued to a trustee, a copy of the trust agreement and its amendmentsshall be furnished to the third party administrator and kept on file in the offices of the third partyadministrator.
Amended by Chapter 204, 1986 General Session