Scope and purposes.
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Law
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Utah Code
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Insurance Code
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Third Party Administrators
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General Provisions
- 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.
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