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2020 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-20.7 Third Party Health Insurance Administrators
Section 27-20.7-9 Compensation to the administrator.
Universal Citation: RI Gen L § 27-20.7-9 (2020)
§ 27-20.7-9. Compensation to the administrator.
(a) An administrator shall not enter into an agreement or understanding with an insurer in which the effect is to make the amount of the 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 provision shall not prohibit an administrator from receiving performance-based compensation for providing hospital or other auditing services.
(b) This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.
History of Section.
(P.L. 2001, ch. 83, § 1; P.L. 2001, ch. 242, § 1.)
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