Section 510.19. Claim adjustment and settlement.

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The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.
89 Acts, ch 227, §12
;
2006 Acts, ch 1117, §45

                    
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