Question

When were Third Party Administrators (TPAs) introduced by the IRDA?

a.

1995

b.

1998

c.

2001

d.

2005

Answer: (c).2001 Explanation:TPAs were introduced by the IRDA in the year 2001.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. When were Third Party Administrators (TPAs) introduced by the IRDA?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the core service of a TPA in the health insurance sector?

Q. What is the minimum paid-up capital requirement for a company to function as a TPA?

Q. What is the minimum working capital requirement for a TPA at any point in its functioning?

Q. Who is required to be a qualified medical doctor registered with the Medical Council of India among the directors of a TPA?

Q. What is the non-refundable processing fee required for an application for a TPA license according to the regulations?

Q. How much is the license fee that every TPA shall pay to the Authority before the license is granted?

Q. What is the waiting period for a TPA whose application has been rejected by the Authority to reapply for a license?

Q. Within how many days of execution should a copy of the agreement between the TPA and the insurance company be filed with the Authority?

Q. How long does a TPA license granted by the Authority remain in force, unless revoked or canceled earlier?

Q. What is the renewal fee for a TPA license for a further period of three years?

Q. How many days prior to the date of expiry of the license should the renewal application be submitted?

Q. What late fee is applicable for a delayed renewal application, and what should it be accompanied by?

Q. Under what circumstances may the Authority accept a renewal application after the license has ceased to remain in force?

Q. What fee is required for issuing a duplicate license if the original license is lost or mutilated?

Q. Under what circumstances may the Authority initiate action under Regulation 13?

Q. What opportunity must the Authority provide before revoking or canceling a TPA's license under Regulation 13?

Q. What action should the insurance company take if a TPA's license is revoked or canceled?

Q. Within how many days can a TPA file a review application with the Authority after the revocation or cancellation of its license?

Q. Within what time frame should the Authority dispose of a review application filed by a TPA after the revocation or cancellation of its license?

Q. What is the duty of a TPA, its Chief Administrative Officer or Chief Executive Officer, and its employees or representatives regarding their identity and license disclosure?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!