§ 27-1-25-3 — Presumptions as to payment of premiums and claims

(a) If an insurer utilizes the services of an
administrator:
(1) premiums or charges for coverage paid by or on behalf of the
covered individual are considered to have been received by the
insurer when paid to the administrator; and
(2) claims or return premiums paid by the insurer to the
administrator are not considered to have been paid to the covered
individual or claimant until the payment is received by the
covered individual or claimant.
(b) This section does not limit the rights of an insurer against an
administrator resulting from the failure of the administrator to make
payments to the insurer, covered individuals, or claimants.
As added by Acts 1980, P.L.168, SEC.2. Amended by
P.L.26-1991, SEC.19; P.L.160-2003, SEC.6.