11 N.C. Admin. Code 21.0103

Current through Register Vol. 39, No. 12, December 1, 2024

Section 21 .0103 - DETERMINATION OF FINANCIAL RESPONSIBILITY

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.

11 N.C. Admin. Code 21 .0103

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.

Authority G.S. 58-2-40; 58-56-51;
Eff. June 1, 1996.