Responsibility of insurer using third party administrator.

1. Law
2. Oregon Revised Statutes
3. Financial Institutions, Insurance
4. Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Limited Licenses
5. Responsibility of insurer using third party administrator.

(2) An insurer is solely responsible for providing competent administration of its programs.

(3) When a third party administrator administers benefits for more than 100 certificate holders on behalf of an insurer, the insurer shall conduct a review of the operations of the third party administrator at least annually. [1991 c.812 §22]

Download our app to see the most-to-date content.