(a) When the services of a third-party administrator are utilized, such third-party administrator shall issue a benefits identification card to each insured that includes disclosure of, and relationship among, the third-party administrator, the policyholder and the insurer or other person utilizing the services of the third-party administrator.
(b) When a third-party administrator collects premiums, charges or fees, the reason for collection of each item shall be identified to the insured and each item shall be shown separately. Additional charges shall not be made for services to the extent the services have been paid for by the insurer or other person utilizing the services of the third-party administrator.
(c) The third-party administrator shall disclose to the insurer or other person utilizing the services of the third-party administrator all charges, fees and commissions that the third-party administrator receives arising from services it provides for the insurer or other person utilizing the services of the third-party administrator, including any fees or commissions paid by insurers providing reinsurance or stop loss coverage.
(P.A. 11-58, S. 28.)
Structure Connecticut General Statutes
Chapter 701a - Insurance Producers, Agents and Third-Party Administrators
Section 38a-702. (Formerly Sec. 38-69). - Definitions.
Section 38a-702a. - Definitions.
Section 38a-702b. - Producer license required.
Section 38a-702c. - Exceptions to licensing requirement.
Section 38a-702d. - Examinations. Fees.
Section 38a-702g. - Nonresident licenses.
Section 38a-702i. - Notice to commissioner re use of assumed name.
Section 38a-702j. - Temporary producer licenses.
Section 38a-702k. - Denial, nonrenewal or revocation of producer licenses. Hearings. Penalties.
Section 38a-702l. - Producer commissions.
Section 38a-702m. - Agent appointments. Fees.
Section 38a-702n. - Reciprocity.
Section 38a-702p. - Regulations.
Section 38a-702q. - Applicability of provisions.
Section 38a-702r. - Construction. Provisions not applicable to bail bond or title insurance.
Section 38a-702s. - Additional grounds for denial of producer licenses.
Section 38a-704. (Formerly Sec. 38-71). - Penalty for acting as insurance producer without license.
Section 38a-705. (Formerly Sec. 38-73). - Exemption of fraternal benefit societies.
Section 38a-706. (Formerly Sec. 38-75). - Sharing commission.
Section 38a-707a. - Producer compensation. Disclosure and customer acknowledgment.
Section 38a-709. (Formerly Sec. 38-76b). - Termination of producer's appointment and contract.
Section 38a-711. (Formerly Sec. 38-92). - Payment of commissions to unlicensed persons.
Section 38a-715. (Formerly Sec. 38-90a). - Payment by insured to producer as payment to company.
Section 38a-716. (Formerly Sec. 38-90b). - Premium advancing by producer. Cancellation of policy.
Section 38a-717. (Formerly Sec. 38-91). - Payment of commissions to producers.
Section 38a-720. - Definitions.
Section 38a-720a. - License. Exemptions. Written agreement required.
Section 38a-720b. - Payments of premiums or charges to a third-party administrator.
Section 38a-720d. - Advertising.
Section 38a-720f. - Collection of premiums or charges. Payment of claims.
Section 38a-720g. - Compensation prohibitions.
Section 38a-720h. - Disclosures.
Section 38a-720i. - Delivery of written communications to insureds.
Section 38a-720l. - License renewal filing.