New Hampshire Revised Statutes 402-H:8 – Compensation to the Administrator
Current as of: 2023 | Check for updates
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I. An administrator shall not enter into any 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.
II. 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.
II. 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.
Terms Used In New Hampshire Revised Statutes 402-H:8
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.