§ 31A-25-102. Scope and purposes.

Latest version.

(1)	This chapter applies to all third party administrators.

(2)

The purposes of this chapter include:

(a)	encouraging disclosure of contracts between insurers and third party administrators, both to potential insureds and to the commissioner;

(b)	promoting the financial responsibility of third party administrators;

(c)	subjecting persons administering insurance in Utah to the jurisdiction of the Utah commissioner and courts;

(d)	regulating third party administrators' practices in conformity with the general purposes of this title; and

(e)	governing the qualifications and procedures for the licensing of third party administrators.

Amended by Chapter 116, 2001 General Session

                    
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