Document ID: chunk:federal_register_of_legislation:F2023C00564:reg:26
Version: federal_register_of_legislation:F2023C00564
Segment Type: reg
Provision Reference: reg 26
Character Range: 62015–63290

26                                                     The following life insurance administration services provided for a life insurer:
                                                       (a) maintaining policyholder records and associated accounting;
                                                       (b) processing of premiums and benefits;
                                                       (c) processing and assessing claims under policies;
                                                       (d) production of reports, statements and forms and distribution to policyholders, including statement processing and bulk handling;
                                                       (e) handling of inquiries and complaints made by policyholders;
                                                       (f) archives storage, retrieval and destruction services;
                                                       (g) processing and assessing applications;
                                                       (h) compliance with industry regulatory requirements, excluding taxation and auditing services;
                                                       (i) managing reinsurance requirements
Services remunerated by commission and franchise fees