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Ohio Revised Code - Title XXXIX Insurance - Chapter 3959: Third-party Administrators
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Ohio Laws > Insurance > Ohio Revised Code - Title XXXIX Insurance - Chapter 3959: Third-party Administrators
- 3959.01 Third-party administrator definitions.
(A) "Administration fees" means any amount charged a covered person for services rendered. "Administration fees" includes commissions earned or paid by any person relative to...
- 3959.04 Administrators tested and licensed by superintendent.
(A) Administrators may be tested and shall be licensed by the superintendent of insurance in accordance with rules adopted by the superintendent. (B) An administrator...
- 3959.05 License requirement.
No person shall solicit a plan or sponsor of a plan to act as an administrator for, or provide administrative services to, a plan or...
- 3959.06 Application for license - filing fee.
(A) An administrator shall file with the superintendent of insurance an application for a license on a form prescribed by the superintendent. (B) All applications...
- 3959.07 Action on application by superintendent.
The superintendent of insurance shall act on all applications submitted for a license within thirty days after receipt. Effective Date: 12-02-1996
- 3959.08 Denying application for license.
If the superintendent of insurance denies the application for license, the superintendent shall promptly notify the applicant of the denial and the reasons for the...
- 3959.09 Issuing license and certificate of authority.
Upon approval of the application for an administrators license and payment of appropriate filing fees, the applicant shall be granted a license by the superintendent...
- 3959.10 License renewal.
(A) The superintendent of insurance shall, at least sixty days before the expiration of the administrators license granted by the superintendent, provide a renewal notice...
- 3959.11 Written agreement to act as administrator between the administrator and the plan sponsor.
(A) No person may act as an administrator without a written agreement between the administrator and the plan sponsor. Such written agreement shall be retained...
- 3959.12 Suspension, revocation or nonrenewal of license.
(A) Any license issued under sections 3959.01 to 3959.16 of the Revised Code may be suspended for a period not to exceed two years, revoked,...
- 3959.13 Report of felony conviction.
Any person who, while licensed as an administrator, is convicted of a felony, shall report the conviction to the superintendent of insurance within thirty days...
- 3959.14 Administrator prohibitions.
No administrator shall do any of the following: (A) Use plan sponsor funds for any purpose or purposes not specifically set forth in written form...
- 3959.15 Books and records.
(A) Administrators shall maintain detailed books and records that reflect all administered transactions specifically in regard to premiums or contributions received and deposited and claims...
- 3959.16 Preemption of federal law.
Sections 3959.01 to 3959.16 of the Revised Code do not apply to an employer's self-insurance plan to the extent that federal law supersedes, preempts, prohibits,...
- 3959.17 Effect of child support default on license.
On receipt of a notice pursuant to section 3123.43 of the Revised Code, the superintendent of insurance shall comply with sections 3123.41 to 3123.50 of...
- 3959.99 Penalty.
A person who violates section 3959.05 of the Revised Code is guilty of a misdemeanor of the fourth degree. Effective Date: 05-18-1988
Last modified: April 1, 2010
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