Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 2. TRANSACTION OF INSURANCE BUSINESS |
Article 9. Insurance Administrators |
Sec 20-485.09. Adjustment or settlement of claims; compensation
Latest version.
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Compensation to an administrator for any policies where such administrator adjusts or settles claims shall in no way be contingent on claim experience. This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.