33-17-617. Claim adjustment and settlement. With respect to any policies where an administrator adjusts or settles claims, the compensation to the administrator with regard to the policies shall in no way be contingent on claim experience. This section does not prevent the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.
History: En. Sec. 9, Ch. 343, L. 1979.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 17. Insurance Producers, Adjusters, Consultants, and Administrators
33-17-602. Written agreement required
33-17-603. Certificate of registration
33-17-604. Waiver of certification requirements
33-17-606. through 33-17-610 reserved
33-17-611. Maintenance of information
33-17-612. Approval of advertising
33-17-613. Collection of charges and premiums
33-17-614. Treatment of payments
33-17-616. Delivery of documents
33-17-617. Claim adjustment and settlement
33-17-618. Insured persons to be notified of availability of administrator