PURPOSE: This rule prescribes the process and forms to be used by a third-party admin- 20 CSR 200-9

istrator in applying for a certificate of authority to transact business in Missouri.

1. (1) A third-party administrator must complete an application for a certificate of authority in the form illustrated in form 1 to this rule. Each application must be accompanied by a fee in the amount of one thousand dollars ($1000), along with all the documents requested by the application form, including a notarized Biographical Affidavit to be completed and signed by the appropriate persons, even if the third-party administrator possessed a certificate of registration prior to the effective date of this regulation.
2. (2) Each application also must be accompanied by an audited financial statement or report for the two (2) most recent years in accordance with sections 375.1025— 375.1062, RSMo, showing the current financial condition of the applicant.
3. (3) Each third-party administrator shall file a surety bond in the amount of fifty thousand dollars ($50,000) obtained from an insurance company licensed to do business in Missouri. A third-party administrator that is an affiliate or subsidiary of an insurance company licensed in this state shall not be required to file such a bond so long as the director is satisfied with the financial condition of that insurance company. If exempt from the surety bond filing requirement, a third-party administrator must submit in writing the name of the insurance company with whom the third-party administrator is affiliated.

AUTHORITY: section 376.1095, RSMo Supp. 1998.* Original rule filed Dec. 13, 1993, effective Aug. 28, 1994. Amended: Filed April 23, 1999, effective Nov. 30, 1999. *Original authority: 376.1095, RSMo 1993, amended 1995.