PocketLaw | US Virgin Islands Code | Third Party Administrators

Third Party Administrators

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Short title

Definitions

Licensing necessary

Payment to a TPA

Maintenance of information

Approval of advertising

Responsibilities of the payor and TPA

Collection of premium, fiduciary duties of TPA

Payment of claims, fiduciary duties of TPA

TPA’s fiduciary duties regarding the TPATFA and the CASA

Compensation to the TPA

Disclosure of charges and fees

Delivery of materials to covered individuals

TPA’s application for licensure

Bond requirement for TPAs

Registration requirement

Standards for license issuance and approval of registration

Annual report and filing fee

Examinations

Grounds for denial, suspension or revocation of licensure

Administrative fine

Judicial review

Unauthorized activities

Felony convictions

Regulations