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Are payments made to TPAs from policyholders considered received?

April 26, 2017PAYMENTS policyholders received tpas

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Are payments made to TPAs from policyholders considered received?

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Yes. Whenever an insurer utilizes the services of a tpa under terms of a written agreement as required, the payment to the tpa of any premiums or charges for insurance by or on behalf of the insured is considered to have been received by the insurer.