Life Insurance

life insurance Third Party Administrator TPA" way a Third Party Administrator who, for the time being, is pass by the Authority, and is engaged, for a fee or remuneration, by any(prenominal) name called as may be specified in the agreement with an insurance attach to, for the provision of health services; Conditions of and cognitive process for Licensing of TPA 1) Only a company with a share majuscule and registered under the Companies Act, 1956 can function as a TPA.

(2) The main(prenominal) or primary object of the company shall be to restrain on business in India as a TPA in the health services, and on being licensed by the Authority, the company shall not engage itself in any other business. 3. The tokenish paid up superior of the company shall be in equity shares amounting to Rs. 1 crore(Rupees One crore only); 4. At no head of time of its functioning the TPA shall have a working capital of less than Rs. 1 crore; 5. At least one of the directors of the TPA shall b...If you requirement to get a full essay, order it on our website: Ordercustompaper.com

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