Title 31A Chapter 25 Section 102

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Title 31A
Insurance Code
Chapter 25
Third Party Administrators
Section 102
Scope and purposes.

            

31A-25-102.   Scope and purposes.

            (1) This chapter applies to all third party administrators.

            (2) The purposes of this chapter include:

            (a) encouraging disclosure of contracts between insurers and third party administrators, both to potential insureds and to the commissioner;

            (b) promoting the financial responsibility of third party administrators;

            (c) subjecting persons administering insurance in Utah to the jurisdiction of the Utah commissioner and courts;

            (d) regulating third party administrators' practices in conformity with the general purposes of this title; and

            (e) governing the qualifications and procedures for the licensing of third party administrators.


Amended by Chapter 116, 2001 General Session

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