2025-126D - Laserfiche WebLink

Home Browse Search

Docusign Envelope ID: 921F7A24-D5CE-4BCC-9F3C-5E7844661266 the person or persons entitled to it, or be deposited within 15 days in one or more fiduciary accounts estab- lished and maintained by Administrator in a bank, credit union or other financial institution in this state. The fiduciary accounts must be separate from the personal or business accounts of Administrator. If charges or premiums deposited in an account have been collected for or on behalf of more than one insurer, Administrator shall cause the bank, credit union or other financial institution where the fiduciary account is maintained to record clearly the deposits and withdrawals from the account on behalf of each insurer. Ad- ministrator shall promptly obtain and keep copies of the records of each fiduciary account and shall furnish Insurer with copies of the records which pertain to him or her upon demand of Insurer. Administrator shall not pay any Claim by withdrawing money from his or her fiduciary account in which premiums or charges are deposited. Withdrawals must be made as provided in the Agreement for. (a) Remittance to Insurer. (b) Deposit in an account maintained in the name of Insurer. (c) Transfer to and deposit in an account for the payment of Claims. (d) Payment to a group policyholder for remittance to Insurer entitled to the money. (e) Payment to Administrator of the commission, fees or charges of Administrator. (f) Remittance of return premiums to persons entitled to them. Administrator shall maintain copies of all records relating to deposits or withdrawals and, upon the request of Insurer, provide Insurer with copies of those records. Nev. Rev. Stat. Ann. § 683A.0877(1)47). 9. Notice to Covered Individuals. Administrator shall deliver or cause to be delivered to Eligible Persons any written communications of Insurer which are given to Administrator for delivery. Nevada Rev. Stat. § 683A.089. 10. Termination. Insurer or Administrator may, upon written notice to the other party to the Agree- ment and to the Insurance Commissioner of the State of Nevada, terminate the Agreement for any cause specified in the agreement. Insurer may suspend the authority of the Administrator while any dispute re- garding the cause for termination is pending. Insurer shall perform any obligations with respect to the pol- icies affected by the agreement regardless of any dispute with Administrator. Nevada Rev. Stat. § 683A.086(6). 136 This document is CONFIDENTIAL AND PROPRIETARY to RIGHTWAY Healthcare, Inc. and may not be reproduced, transmitted, published, or disclosed to others without the prior written authorization of RIGHTWAY Healthcare, Inc.