West Virginia § 33-46-9 Compensation to the administrator

West Virginia Statutes

§ 33-46-9 — Compensation to the administrator

West Virginia § 33-46-9

Ch. 33Â INSURANCE

Art. 46THIRD-PARTY ADMINISTRATOR ACT

This text of West Virginia § 33-46-9 (Compensation to the administrator) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 33-46-9 (2026).

Text

(a)An administrator may not enter into an agreement or understanding with an insurer in which the effect is to make the amount of the administrator's commissions, fees or charges contingent upon savings effected in the adjustment, settlement and payment of losses covered by the insurer's obligations. This provision shall not prohibit an administrator from receiving performance-based compensation for providing hospital or other auditing services.

(b)This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.

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(a) An administrator may not enter into an agreement or understanding with an insurer in which the effect is to make the amount of the administrator's commissions, fees or charges contingent upon savings effected in the adjustment, settlement and payment of losses covered by the insurer's obligations. This provision shall not prohibit an administrator from receiving performance-based compensation for providing hospital or other auditing services.

(b) This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.