UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 29. Comprehensive Health Insurance Pool Act |
§ 31A-29-110. Pool administrator -- Selection -- Powers. (Effective 5/13/2014)
Latest version.
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(1) The board shall select a pool administrator in accordance with Title 63G, Chapter 6a, Utah Procurement Code. The board shall evaluate bids based on criteria established by the board, which shall include: (a) ability to manage medical expenses; (b) proven ability to handle accident and health insurance; (c) efficiency of claim paying procedures; (d) marketing and underwriting; (e) proven ability for managed care and quality assurance; (f) provider contracting and discounts; (g) pharmacy benefit management; (h) an estimate of total charges for administering the pool; and (i) ability to administer the pool in a cost-efficient manner. (2) A pool administrator may be: (a) a health insurer; (b) a health maintenance organization; (c) a third-party administrator; or (d) any person or entity which has demonstrated ability to meet the criteria in Subsection (1). (3) The pool administrator shall serve for a period of three years, with yearly extension options until the operations of the pool are closed pursuant to Subsection 31A-29-106(1)(d), subject to the terms, conditions, and limitations of the contract between the board and the administrator.
Amended by Chapter 425, 2014 General Session