56:12-91 Appointment of administrator.
5.A provider of any service contract issued, offered for sale, or sold in this State may appoint an administrator to perform the third-party administration of any contract, which shall include, but not be limited to:
a.maintaining the accounts, books, papers, documents, and other records concerning the provider's activities and transactions regulated under this act;
b.performing or arranging the collection, maintenance, or disbursement of payments on behalf of the provider, related to any claim arising under the provider's contracts; or
c.participating in the processing or adjustment of any claim arising under the provider's contracts.
L.2013, c.197, s.5.
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Last modified: October 11, 2016