550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).
116 words·~1 min read·
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550.914 Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1).
Sec. 14.
(1)The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator.
(2)If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval.
(3)A TPA shall continue to meet the conditions required under subsection
(1)after the certificate of authority is issued.
History: 1984, Act 218, Eff. Jan. 1, 1985 ;-- Am. 2002, Act 74 , Imd. Eff. Mar. 15, 2002