Utah § 31A-25-304 Liability of the insurer if administrator receives premium.

Utah Statutes

§ 31A-25-304 — Liability of the insurer if administrator receives premium.

Utah § 31A-25-304

Title 31AInsurance Code

Ch. 31A-25Third Party Administrators

Part 31A-25-3Administrative Practices

This text of Utah § 31A-25-304 (Liability of the insurer if administrator receives premium.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-25-304 (2026).

Text

If an insurer utilizes the services of a third party administrator under the terms of a written agreement, as required under this chapter, the payment to the third party administrator of any premiums for insurance by or on behalf of the insured is considered as having been received by the insurer.  However, the payment of return premiums or claims by the insurer to the third party administrator is not payment to the insured or claimant.  This chapter does not limit any right of the insurer against a third party administrator resulting from the third party administrator's failure to make payments to the insurer, insureds, or claimants.

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If an insurer utilizes the services of a third party administrator under the terms of a written agreement, as required under this chapter, the payment to the third party administrator of any premiums for insurance by or on behalf of the insured is considered as having been received by the insurer. However, the payment of return premiums or claims by the insurer to the third party administrator is not payment to the insured or claimant. This chapter does not limit any right of the insurer against a third party administrator resulting from the third party administrator's failure to make payments to the insurer, insureds, or claimants.