A) Insurance Broker
B) Insurance Surveyor
C) Third Party Owner
D) Insurance Agent
E) Third Party Administrator
Correct Answer: E
Solution :
A third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. This can be viewed as "outsourcing" the administration of the claims processing, since the TPA performs a task traditionally handled by the company providing the insurance or the company itself.
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