North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 21 - THIRD PARTY ADMINISTRATORS
Section .0100 - GENERAL PROVISIONS
Section 21 .0103 - DETERMINATION OF FINANCIAL RESPONSIBILITY
Universal Citation: 11 NC Admin Code 21 .0103
Current through Register Vol. 39, No. 6, September 16, 2024
In determining the financial responsibility of an applicant for a TPA license, the Department shall require that an applicant be solvent. In addition, the Department shall consider:
(1) Liquidity;
(2) Any internal controls the applicant may have in place to afford protection for benefit plans, which may include the manner in which benefit plan fund accounts are established; and
(3) Segregation of duties.
Authority
G.S.
58-2-40;
58-56-51;
Eff. June 1,
1996;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. December 16,
2014.
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