WVC 33 - 46 - 9
§33-46-9. Compensation to the administrator.
(a) An administrator may not enter into an agreement or
understanding with an insurer in which the effect is to make the
amount of the administrator's commissions, fees or charges
contingent upon savings effected in the adjustment, settlement and
payment of losses covered by the insurer's obligations. This
provision shall not prohibit an administrator from receiving
performance-based compensation for providing hospital or other
(b) This section shall not prevent the compensation of an
administrator from being based on premiums or charges collected or
the number of claims paid or processed.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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