31A-25-102. Scope and purposes.
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31A-25-102. Scope and purposes.
(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