Question

What is the responsibility of the TPA team in an insurance company?

a.

To underwrite medical and non-medical proposals

b.

To manage and control TPAs and quality-control checks

c.

To liaise and make payments to the TPAs for medical tests

d.

To recommend proposals to the reinsurers which are beyond their scope of authority

Posted under IC22 Life Insurance Underwriting

Answer: (c).To liaise and make payments to the TPAs for medical tests Explanation:The Third-Party Administrators or TPA team members co-ordinate and manage the medical panel or the TPAs. They are responsible for liaising and making timely payments to the TPAs for medical tests done by them on a regular basis, managing and controlling the TPA, and quality-control checks put in place with respect to medical reporting by various diagnostic centers.

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