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2017 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-5809 Certain contingency agreements prohibited; exceptions.
Universal Citation: NE Code § 44-5809 (2017)
44-5809. Certain contingency agreements prohibited; exceptions.
A third-party administrator shall not enter into any agreement or understanding with an insurer in which the effect is to make the amount of the third-party administrator's commissions, fees, or charges contingent upon savings effected in the adjustment, settlement, and payment of losses covered by the insurer's obligations. This section shall not prohibit a third-party administrator from receiving performance-based compensation for providing hospital or other auditing services. This section shall not prohibit a third-party administrator from receiving compensation based on premiums or charges collected or the number of claims paid or processed.
Source
- Laws 1992, LB 1006, ยง 84.
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