The digital model of the TPA Information is offered for rapid obtain.
TPA Subscribers: CCG Updates Third-Get together Directors Information
OKLAHOMA CITY, OKLAHOMA, USA, August 8, 2023/EINPresswire.com/ — Croneal Consulting Group has up to date the digital model of its “Third-Get together Directors Information, A State Authorized Information, 2023-2024 Version,” to replicate impending modifications to Oklahoma’s third-party administrator legislation.
Efficient November 1, 2023, Oklahoma will amend its Third-Get together Administrator Act to require the next:
Individuals in search of and renewing an administrator’s license should file their functions and pay the $100 charges electronically.
Individuals who permit their licenses to expire for failure to submit a renewal utility might reinstate their licenses inside 90 days after the expiration date of their licenses by electronically paying a $200 price, together with some other charges.
Individuals who search to reinstate their licenses greater than 90 days after the expiration date should embody an in depth report of administrative providers supplied in Oklahoma in the course of the interval of expired licensure.
Individuals in search of or renewing an administrator’s license will now not be required to present unbiased third-party background studies from an NAIC-approved vendor.
Licensed directors with title, deal with, electronic mail, and repair agent contact modifications should electronically notify the Oklahoma Division of Insurance coverage (DOI) of the modifications inside 30 days of the change or pay a $50 penalty, for modifications submitted after 30 days.
Licensed directors should present an sufficient response to the DOI inside 20 days after receipt of an inquiry.
CCG notified digital subscribers of Oklahoma’s authorized modifications final month. To study extra about Oklahoma’s modifications, together with different states, buy an digital copy of the 616-page TPA information on payhip.com/ccg for $425. A print/arduous copy of the TPA information can be accessible on Amazon.com for $250. The digital model of the TPA information is priced greater due to the real-time updates supplied till 2024 and the 61 pages of energetic hyperlinks to the TPA types.
The TPA information is a 51-state compilation of statutes and rules addressing the connection of third-party directors (TPAs) with insurers, policyholders, and state regulators, such because the state insurance coverage departments. The information additionally features a listing of greater than 240 types that TPAs use.
About Croneal Consulting Group
Croneal Consulting Group is an info and analysis providers agency that gives database growth providers and Internet portals for members of the authorized, regulatory, and authorities communities. Apart from UST Stories, a legislative/regulatory reporting service for 5 United States territories (American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands), the agency counts as its flagship product, InsuranceBulletins.com, a 51-state Insurance coverage Bulletin Alert Monitoring System, with greater than 9,000 insurance coverage bulletins launched from 2006 to the present date.
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