40-3809. Same; guidelines for funds collected by administrator. Where an administrator collects funds, it must identify and state separately in writing to the person paying to the administrator any charge or premium for insurance coverage the amount of any such charge or premium specified by the insurer for such insurance coverage. All claims paid by the administrator from funds collected on behalf of the insurer shall be paid only on drafts of and as authorized by such insurer.
History: L. 1978, ch. 174, § 9; July 1.
2013. Powered by KLISS. Rendered: 2013-05-25T12:09:00. Head Rev No: 346362