§431:10C-603 - Proof of ability to process and pay claims promptly.
[§431:10C-603] Proof of ability to processand pay claims promptly. An applicant for self-insurance shall submitproof satisfactory to the commissioner that the applicant has retained anadjuster licensed under this chapter to provide a complete claims service toprocess and promptly pay claims in accordance with this article and article13. During the period that the applicant is self-insured, the applicant shallimmediately refer all claims to the adjuster for processing. From time totime, the commissioner may require a self-insurer to show that the self-insureris continuing to maintain an effective claims service. [L 2000, c 24, pt of §3]