Nothing
You can't legally collect on another individual. You can however take them to court: You will need proof that the person took a loan from you, this can be a written and signed document or a verbal agreement with a third party witness. You can then take the person to a small claims court.
Insurance policies are in place to protect against third party claims in this project.
The statute of limitations for a third-party administrator (TPA) to collect on adjudicated claims typically varies by jurisdiction and the type of claim involved. Generally, it can range from 3 to 6 years, depending on state laws and the specifics of the agreement between the TPA and the claimant. It’s important for TPAs to be aware of local laws to ensure compliance and timely collection efforts. Always consult legal counsel for precise guidance based on the relevant jurisdiction and circumstances.
direct claims submission
Guyana
If you are the 'creditor' of judgment and you sign for a third party to collect, then YES, your right to collect is given up. Because once that is signed you just signed over your judgment over to the third party, and it is considered THEIR judgment now. BUT you will still get your money judgment from the third party.
Third party administrators processes insurance claims, or a portion of employee benefits for some other entity. This is typically used by employers who self-insure their employees.
In India, the responsibility of claims processing has been bestowed upon the Third Party Administrator (TPA) in medical insurance. The insured persons are to submit their claims to the T.P.A. for payment, while the network hospitals submit their claims at periodic intervals to the TPA for payment.For overlooking the entire aswpect, the Insurance Cos pay a service charge along with their payments.
A third party was assigned to adjudicate the opposing claims.
The theory is this: Aig is a huge health ins. co. Third party adminstrators work to disqualify health insurance claims. Now you have a situation where the health insurance company that pays your claims also owns the insurance company that protects third party administrators when they illegally deny your claims. You do the math.
The holder in due course...
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