Current through the 2024 Fourth Special Session
Section 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.