11 NCAC 21 .0103. DETERMINATION OF FINANCIAL RESPONSIBILITY

Latest version.

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.

History Note: Authority G.S. 58-2-40; 58-56-51;

Eff. June 1, 1996.

                    
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