How are TPAs compensated for services rendered?
TPAs compensation may be based on the premium or charges collected or the number of claims paid or processed. The compensation may in no way be contingent on claim experience, as according to Section 38-51-110.

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1. Are payments made to third-party administrators (TPAs) from policyholders considered received?
2. How long does a TPA required to preserve its records?
3. What are the requirements for TPAs collecting for more than one insurer or client?
4. Can a TPA pay claims from premiums collected?
5. How are TPAs compensated for services rendered?
6. Do TPAs have additional requirements when they contract with an insurer?