§431:10C-603 - Proof of ability to process and pay claims promptly.
[§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]