11 NCAC 24 .0104             DETERMINATION OF FINANCIAL RESPONSIBILITY

In determining the financial responsibility of an applicant for a PBM license, the Department shall require that an applicant be solvent. In addition, the Department shall consider:

(1)           Liquidity;

(2)           Any internal controls the applicant may have in place to afford protection for benefit plans, which may include the manner in which benefit plan fund accounts are established; and

(3)           Segregation of duties.

History Note:        Authority G.S. 58-2-40; 58-56A-2;

Eff. September 1, 2025.