The Third Party Administrator’s role mainly involves

Question

Question: The Third Party Administrator’s role mainly involves

Options:

1.  Canvassing business for the insurer.
2.  Issuing documents on behalf of the insurer
3.  Arranging for reinsurance
4.  Sending renewal notices
5.  Checking and paying insurance claims

Answer 1

5. Checking and paying insurance claims

The Third Party Administrator’s role mainly involves checking and paying insurance claims.

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More info:

Third-party administrators (TPA) are companies that works as intermediaries between the insurers and the insured.

But their main role involve checking and paying insurance claims.