Indiana § 27-1-25-8 Administrator compensation

Indiana Statutes

§ 27-1-25-8 — Administrator compensation

Indiana § 27-1-25-8

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 25Insurance Administrators

This text of Indiana § 27-1-25-8 (Administrator compensation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-25-8 (2026).

Text

(a)An administrator may not enter into an agreement or understanding with an insurer if the effect of the agreement or understanding is to make the amount of a:

(1)commission;

(2)fee; or

(3)charge; that is payable to the administrator contingent on savings effected in the adjustment, settlement, and payment of losses covered by the insurer's obligations.

(b)This section does not prevent an administrator from receiving performance based compensation for providing hospital auditing services or other auditing services. As added by Acts 1980, P.L.168, SEC.2. Amended by P.L.26-1991, SEC.21; P.L.160-2003, SEC.12.

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(a) An administrator may not enter into an
agreement or understanding with an insurer if the effect of the
agreement or understanding is to make the amount of a:
(1) commission;
(2) fee; or
(3) charge;
that is payable to the administrator contingent on savings effected in
the adjustment, settlement, and payment of losses covered by the
insurer's obligations.
(b) This section does not prevent an administrator from receiving
performance based compensation for providing hospital auditing
services or other auditing services.
As added by Acts 1980, P.L.168, SEC.2. Amended by
P.L.26-1991, SEC.21; P.L.160-2003, SEC.12.