510.22 - WAIVING OF REQUIREMENTS.
510.22 WAIVING OF REQUIREMENTS. The commissioner may waive the requirements of section 510.21 for any person or class of persons. The factors taken into account in granting a waiver shall include, but are not limited to whether: 1. The person acting as a third-party administrator is primarily in a business other than that of a third-party administrator. 2. The financial strength and history of the organization indicates stability in its continuity of doing business. 3. The regular duties being performed as a third-party administrator are such that the covered persons are not likely to be injured by a waiver of such requirements.
Section History: Recent Form 89 Acts, ch 227, § 15; 2006 Acts, ch 1117, §48