510.20 Notification required.
When the services of a third-party administrator are used, the third-party administrator shall provide a written notice, approved by the insurer, to insured individuals, advising them of the identity of and relationship among the third-party administrator, the policyholder, and the insurer. When a third-party administrator collects funds, it shall identify and state separately in writing to the person paying to the third-party administrator any charge or premium for insurance coverage the amount of any such charge or premium specified by the insurer for such insurance coverage.
89 Acts, ch 227, §13; 2006 Acts, ch 1117, §46
Referred to in §510.10
Structure Iowa Code
Chapter 510 - MANAGING GENERAL AGENTS AND THIRD-PARTY ADMINISTRATORS
Section 510.2 - Contracts with managing general agents.
Section 510.3 - Liability of managing general agents.
Section 510.4 - Licensure required — bond.
Section 510.5 - Required contract provisions — limitations.
Section 510.5A - Unfair competition or unfair and deceptive acts or practices prohibited.
Section 510.6 - Duties of insurers.
Section 510.7 - Examination authority.
Section 510.8 - Penalties and liabilities.
Section 510.12 - Written agreement necessary.
Section 510.13 - Payment to third-party administrator.
Section 510.14 - Maintenance of information.
Section 510.15 - Approval of advertising.
Section 510.16 - Underwriting provision.
Section 510.17 - Premium collection.
Section 510.18 - Payment of claims.
Section 510.19 - Claim adjustment and settlement.
Section 510.20 - Notification required.
Section 510.21 - Certificates — registration and renewal.