This version of the form is not currently in use and is provided for reference only. Download this version of Form FIS0861 for the current year.
This is a legal form that was released by the Michigan Department of Insurance and Financial Services - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is a Third Party Administrator?
A: A Third Party Administrator (TPA) is an entity that administers employee benefit programs on behalf of employers.
Q: What is a Certificate of Authority?
A: A Certificate of Authority is an official document that grants permission to a TPA to operate in a specific state.
Q: Why do TPAs need a Certificate of Authority?
A: TPAs need a Certificate of Authority to ensure that they meet the regulatory requirements and standards set by the state.
Q: Who needs to file the Form FIS0861?
A: TPAs who wish to obtain a Certificate of Authority in Michigan need to file the Form FIS0861.
Q: What information is required in the Form FIS0861?
A: The Form FIS0861 requires information about the TPA's ownership, financial stability, qualifications, and compliance with state laws and regulations.
Q: Is there a fee for filing the Form FIS0861?
A: Yes, there is a fee associated with filing the Form FIS0861. The fee amount can be found in the instructions provided with the form.
Q: How long does it take to process the Form FIS0861?
A: The processing time for the Form FIS0861 can vary. It is recommended to submit the form well in advance to allow for processing and review.
Q: What happens after the Form FIS0861 is approved?
A: After the Form FIS0861 is approved, the TPA will receive a Certificate of Authority, allowing them to operate in Michigan.
Q: What if there are changes to the TPA's information after filing the Form FIS0861?
A: If there are any changes to the TPA's information, such as ownership or contact details, the TPA should notify the Michigan Department of Insurance and Financial Services.
Q: Are TPAs required to renew their Certificate of Authority?
A: Yes, TPAs are required to renew their Certificate of Authority on an annual basis.
Q: What happens if a TPA operates without a Certificate of Authority?
A: Operating without a Certificate of Authority is a violation of state law and can result in penalties and legal consequences for the TPA.
Form Details:
Download a fillable version of Form FIS0861 by clicking the link below or browse more documents and templates provided by the Michigan Department of Insurance and Financial Services.