The compensation for an administrator may be based on:
(1) Premiums or charges collected;
(2) The number of claims paid or processed; or
(3) Some other fair and equitable basis provided by the contract.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 92 - Multiple Employer Trusts And Self-insured Plans
Subchapter 2 - Third-Party Administrators
§ 23-92-202. Written agreement required
§ 23-92-203. Certificate of registration
§ 23-92-204. Bond required — Exceptions
§ 23-92-205. Payments to administrator — Presumptions
§ 23-92-206. Collection of premiums, etc. — Deposits and withdrawals