31A-25-304. Liability of the insurer if administrator receives premium.
If an insurer utilizes the services of a third party administrator under the terms of a written
agreement, as required under this chapter, the payment to the third party administrator of any
premiums for insurance by or on behalf of the insured is considered as having been received by
the insurer. However, the payment of return premiums or claims by the insurer to the third party
administrator is not payment to the insured or claimant. This chapter does not limit any right of
the insurer against a third party administrator resulting from the third party administrator's failure
to make payments to the insurer, insureds, or claimants.
Enacted by Chapter 242, 1985 General Session
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Last revised: Thursday, May 28, 2009