§ 23-92-201 - Definitions.
(a) As used in this subchapter: (1) "Third-party administrator" means a person, firm, or partnership that collects or charges premiums from or adjusts or...
§ 23-92-202 - Written Agreement Required.
A third-party administrator may act in that capacity only if he or she has a written agreement with a self-insured plan or trust. The...
§ 23-92-203 - Certificate of Registration.
(a) No person shall act or hold himself or herself out as an administrator unless he or she obtains a certificate of registration from...
§ 23-92-204 - Bond Required -- Exceptions.
(a) Every applicant for a certificate of registration shall file with the application, and shall thereafter maintain in force while operating under the registration,...
§ 23-92-207 - Books and Records.
(a) Every administrator shall maintain at its principal administrative office for the duration of the written agreement referred to in ยง 23-92-202 and five...
§ 23-92-208 - Compensation.
The compensation for an administrator may be based on: (1) Premiums or charges collected; (2) The number of claims paid or processed; or (3)...