[§431:10C-603] Proof of ability to process and pay claims promptly. An applicant for self-insurance shall submit proof satisfactory to the commissioner that the applicant has retained an adjuster licensed under this chapter to provide a complete claims service to process and promptly pay claims in accordance with this article and article 13. During the period that the applicant is self-insured, the applicant shall immediately refer all claims to the adjuster for processing. From time to time, the commissioner may require a self-insurer to show that the self-insurer is continuing to maintain an effective claims service. [L 2000, c 24, pt of §3]
Section: Previous 431-10c-409 431-10c-410 431-10c-411 431-10c-412 431-10c-501-to-504 431-10c-601 431-10c-602 431-10c-603 431-10c-604 431-10c-605 431-10c-606 431-10c-607 431-10c-608 431-10d-101 431-10d-102 NextLast modified: October 27, 2016