Question

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

a.

Ignore the situation

b.

Continue working with the same TPA

c.

Immediately take alternative steps, including appointing another TPA

d.

File a review application with the Authority

Answer: (c).Immediately take alternative steps, including appointing another TPA Explanation:If a TPA's license is revoked or canceled, the insurance company should immediately take alternative steps, including appointing another TPA, to continue serving the insured/policyholders.

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

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