Question
a.
CEO of the TPA
b.
Chief Financial Officer (CFO) of the TPA
c.
At least one of the directors of the TPA
d.
Legal advisor of the TPA
Posted under IC 14 Regulations of Insurance Business
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Who is required to be a qualified medical doctor registered with the Medical Council of India among the directors of a TPA?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the non-refundable processing fee required for an application for a TPA license according to the regulations?
View solution
Q. How much is the license fee that every TPA shall pay to the Authority before the license is granted?
View solution
Q. What is the waiting period for a TPA whose application has been rejected by the Authority to reapply for a license?
View solution
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?
View solution
Q. How long does a TPA license granted by the Authority remain in force, unless revoked or canceled earlier?
View solution
Q. What is the renewal fee for a TPA license for a further period of three years?
View solution
Q. How many days prior to the date of expiry of the license should the renewal application be submitted?
View solution
Q. What late fee is applicable for a delayed renewal application, and what should it be accompanied by?
View solution
Q. Under what circumstances may the Authority accept a renewal application after the license has ceased to remain in force?
View solution
Q. What fee is required for issuing a duplicate license if the original license is lost or mutilated?
View solution
Q. Under what circumstances may the Authority initiate action under Regulation 13?
View solution
Q. What opportunity must the Authority provide before revoking or canceling a TPA's license under Regulation 13?
View solution
Q. What action should the insurance company take if a TPA's license is revoked or canceled?
View solution
Q. Within how many days can a TPA file a review application with the Authority after the revocation or cancellation of its license?
View solution
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?
View solution
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?
View solution
Q. What should a TPA do if it becomes aware of any adverse report or inconsistencies relevant to the insurance company's business?
View solution
Q. According to the Code of Conduct, what should a TPA refrain from doing in relation to insured/policyholders of a particular insurance company?
View solution
Q. How long is a TPA required to maintain proper records, documents, evidence, and books of all transactions carried out on behalf of an insurance company?
View solution
Q. What is the obligation of a TPA if its license is revoked or cancelled?
View solution
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!