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Choose Board or CommitteeAgenda Item 9 June 14, 2016Item Name: Longer Care ThirdParty Administrator Procurement Strategy Program: Longer Care Item Type: Information Executive Summary This agenda item
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A long-term care third-party administrator is a company or organization that manages the claims and benefits for long-term care insurance policies on behalf of the insurer.
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To fill out long-term care third-party administrator, the company must provide detailed information about their business operations, financial standing, and compliance with state regulations.
The purpose of a long-term care third-party administrator is to efficiently handle and process claims for long-term care insurance policies, ensuring that policyholders receive the benefits they are entitled to.
The information that must be reported on long-term care third-party administrator includes financial statements, regulatory compliance documentation, and information about the policies they manage.
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