Section 56:12-91 - Appointment of administratorA provider of any service contract issued, offered for sale, or sold in this State may appoint an administrator to perform the third-party administration of any contract, which shall include, but not be limited to:
a. maintaining the accounts, books, papers, documents, and other records concerning the provider's activities and transactions regulated under this act;b. performing or arranging the collection, maintenance, or disbursement of payments on behalf of the provider, related to any claim arising under the provider's contracts; orc. participating in the processing or adjustment of any claim arising under the provider's contracts.Added by L., c. 197,s. 5, eff. 7/16/2014.