life insurance leash Party administrator TPA" way a Third Party Administrator who, for the m being, is pass by the Authority, and is pledged, for a fee or remuneration, by any(prenominal) name called as may be specified in the agreement with an insurance obligate to, for the provision of health operate; Conditions of and cognitive process for Licensing of TPA 1) sole(prenominal) a company with a share majuscule and registered to a lower place the Companies Act, 1956 can function as a TPA. (2) The main(prenominal) or old object of the company shall be to restrain on short letter in India as a TPA in the health services, and on being licensed by the Authority, the company shall not engage itself in any new(prenominal) business. 3. The tokenish paid up superior of the company shall be in equity shares amounting to Rs. 1 crore(Rupees One crore only); 4. At no head of time of its surgical procedure the TPA shall ha ve a operative capital of less than Rs. 1 crore; 5. At least superstar of the directors of the TPA shall b...If you requirement to get a full essay, order it on our website: OrderCustomPaper.com
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