31A-25-304 - Liability of the insurer if administrator receives premium. - Utah Statutes

31A-25-304. Liability of the insurer if administrator receives premium.
If an insurer utilizes the services of a third party administrator under the terms of a writtenagreement, as required under this chapter, the payment to the third party administrator of anypremiums for insurance by or on behalf of the insured is considered as having been received bythe insurer. However, the payment of return premiums or claims by the insurer to the third partyadministrator is not payment to the insured or claimant. This chapter does not limit any right ofthe insurer against a third party administrator resulting from the third party administrator's failureto make payments to the insurer, insureds, or claimants.

Enacted by Chapter 242, 1985 General Session