40-3808. Same; restriction upon compensation to administrator. Any policies or certificates which an administrator adjusts or settles, the compensation to the administrator with regard to such policies shall in no way be contingent on claim experience. This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.
History: L. 1978, ch. 174, § 8; July 1.
2013. Powered by KLISS. Rendered: 2013-05-25T14:03:41. Head Rev No: 346362