New Jersey Statutes 56:12-91. Appointment of administrator
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Terms Used In New Jersey Statutes 56:12-91
- Contract: A legal written agreement that becomes binding when signed.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
5. A 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; or
c. participating in the processing or adjustment of any claim arising under the provider’s contracts.
L.2013, c.197, s.5.