West Virginia § 33-46-4 Payment to administrator

West Virginia Statutes

§ 33-46-4 — Payment to administrator

West Virginia·Ch. 33 Â INSURANCE·Art. 46 THIRD-PARTY ADMINISTRATOR ACT

If an insurer uses the services of an administrator, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured party shall be considered to have been received by the insurer and the payment of return premiums or claim payments forwarded by the insurer to the administrator shall not be considered to have been paid to the insured party or claimant until the payments are received by the insured party or claimant. Nothing in this section limits any right of the insurer against the administrator resulting from the failure of the administrator to make payments to the insurer, insured parties or claimants.

Free access — add to your briefcase to read the full text and ask questions with AI

If an insurer uses the services of an administrator, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured party shall be considered to have been received by the insurer and the payment of return premiums or claim payments forwarded by the insurer to the administrator shall not be considered to have been paid to the insured party or claimant until the payments are received by the insured party or claimant. Nothing in this section limits any right of the insurer against the administrator resulting from the failure of the administrator to make payments to the insurer, insured parties or claimants.

West Virginia § 33-46-4 (Payment to administrator) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.