Vermont has released information on new TPA regulations signaling new licensing requirements for TPAs operating in the state. The rule will become effective July 1, 2022. Although the Rule does make reference to the NAIC Uniform Application for Third Party Administrators, no additional application materials are yet available.
To see more, please visit: https://dfr.vermont.gov/reg-bul-ord/third-party-administrator-rule
Westmont will continue to monitor developments. If you have any questions about how this effects your business, or would like to learn more about TPA requirements, please reach out to the Westmont team.