§ 27-30-10. Claims.
(a) All claims shall be promptly reported to the insurer or its designated claim representative,
and the insurer shall maintain adequate claim files. All claims shall be settled as
soon as possible and in accordance with the terms of the insurance contract.
(b) All claims shall be paid either by draft drawn upon the insurer, by electronic funds
transfer, or by check of the insurer to the order of the claimant to whom payment
of the claim is due pursuant to the policy provisions, or upon direction of the claimant
to one specified.
(c) No pla
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§ 27-30-10. Claims.
(a) All claims shall be promptly reported to the insurer or its designated claim representative,
and the insurer shall maintain adequate claim files. All claims shall be settled as
soon as possible and in accordance with the terms of the insurance contract.
(b) All claims shall be paid either by draft drawn upon the insurer, by electronic funds
transfer, or by check of the insurer to the order of the claimant to whom payment
of the claim is due pursuant to the policy provisions, or upon direction of the claimant
to one specified.
(c) No plan or arrangement shall be used by which any person, firm, or corporation other
than the insurer or its designated claim representative shall be authorized to settle
or adjust claims. The creditor shall not be designated as claim representative for
the insurer in adjusting claims; provided, that a group policyholder may, by arrangement
with the group insurer, draw drafts, checks, or electronic transfers in payment of
claims due to the group policyholder subject to audit and review by the insurer.
(d) All claims for consumer credit insurance shall be subject to all applicable chapters
of this title and title 42, including chapter 9.1 of this title.