510.19 - CLAIM ADJUSTMENT AND SETTLEMENT. - Iowa Statutes

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510.19 CLAIM ADJUSTMENT AND SETTLEMENT. The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.

Section History: Recent Form

89 Acts, ch 227, § 12; 2006 Acts, ch 1117, §45 Referred to in § 510.21

State Codes and Statutes

Statutes > Iowa > Title-13 > Subtitle-1 > Chapter-510 > 510-19

510.19 CLAIM ADJUSTMENT AND SETTLEMENT. The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.

Section History: Recent Form

89 Acts, ch 227, § 12; 2006 Acts, ch 1117, §45 Referred to in § 510.21

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-13 > Subtitle-1 > Chapter-510 > 510-19

510.19 CLAIM ADJUSTMENT AND SETTLEMENT. The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.

Section History: Recent Form

89 Acts, ch 227, § 12; 2006 Acts, ch 1117, §45 Referred to in § 510.21