Can a TPA pay claims from premiums collected?
TPAs can pay claims from withdrawals made from the fiduciary account. However, any withdrawals from the fiduciary account must be stated in the written agreement. Claims paid from funds collected on behalf of the insurer must be paid only on drafts authorized by the insurer, as according to Sections 38-51-90 and 38-51-100.

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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?