31A-25-102 - Scope and purposes. - Utah Statutes

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 Utahcommissioner and courts;
(d) regulating third party administrators' practices in conformity with the general purposesof this title; and
(e) governing the qualifications and procedures for the licensing of third partyadministrators.

Amended by Chapter 116, 2001 General Session