§ 58-56-41. Notice to covered individuals; disclosure of charges and fees. - North Carolina Statutes

§58‑56‑41.  Notice to covered individuals; disclosure of charges andfees.

(a)        When the servicesof a TPA are used, the TPA shall provide a written notice approved by theinsurer to covered individuals advising them of the identity of, andrelationship among, the TPA, the policyholder, and the insurer.

(b)        When a TPA collectsfunds, the reason for collection of each item must be identified to the insuredparty and each item must be shown separately from any premium.  Additionalcharges may not be made for services to the extent the services have been paidfor by the insurer.

(c)        The TPA shalldisclose to the insurer all charges, fees and commissions received from allservices in connection with the provision of administrative services for theinsurer, including any fees or commissions paid by insurers providingreinsurance. (1991, c. 627, s. 1.)