Regulatory Alerts2014-03-12
Added · Updated
Third Party Administrators for Health Insurance Regulations 2014
The regulations prohibit any person from operating as a Third Party Administrator (TPA) for health insurance without registration with the Securities and Exchange Commission of Pakistan. Eligible applicants must be companies with a paid-up capital of at least 50 million rupees and shareholders’ equity of 30 million rupees, with existing TPAs required to register within three months. The rules define specific functions, prohibit TPAs from underwriting insurance or linking remuneration to loss ratios, and mandate that at least one director or key officer be a qualified medical doctor.
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