Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 56-6-408 - Administrator's compensation not contingent on claim experience — Tennessee Law | CourtGPT
  1. Home/
  2. Laws/
  3. Tennessee/
  4. Title 56 - Insurance (§§ 56-1-101 — 56-61-125)/
  5. Chapter 6 - Agents, Solicitors and Administrators/
  6. Part 4 - Administrators/
  7. Section 56-6-408 - Administrator's compensation not contingent on claim experience
Tennessee Legal Code

Section 56-6-408 - Administrator's compensation not contingent on claim experience

Ask AI about this
(a) 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.(b) 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.Acts 1980, ch. 640, § 8.