Section 550.914 - Certificate of authority; issuance; notice of disapproval; continued compliance with subsection (1)(1) The commissioner shall issue a certificate of authority to operate as a TPA if the commissioner is satisfied that the TPA has adequate facilities, personnel, and managers to act as a third party administrator.(2) If the commissioner disapproves an application for a certificate of authority, he or she shall notify the applicant in writing of the reasons for the disapproval.(3) A TPA shall continue to meet the conditions required under subsection (1) after the certificate of authority is issued.1984, Act 218, Eff. 1/1/1985 ;--Am. 2002, Act 74, Imd. Eff. 3/15/2002.