42 CFR 423.420 - Solvency standards for non-licensed entities.

Regulations last checked for updates: Oct 17, 2024

Title 42 - Public Health last revised: Oct 15, 2024

View all text of Subpart I [§ 423.401 - § 423.440]

§ 423.420 - Solvency standards for non-licensed entities.

(a) Establishment and publication. CMS establishes and publishes reasonable financial solvency and capital adequacy standards for entities specified in paragraph (b) of this section.

(b) Compliance with standards. A PDP sponsor that is not licensed by a State and for which a waiver application is approved by CMS under § 423.410 or § 423.415 must maintain reasonable financial solvency and capital adequacy in accordance with the standards established by CMS under paragraph (a) of this section.

authority: 42 U.S.C. 1302,1306,1395w,and

source: 70 FR 4525, Jan. 28, 2005, unless otherwise noted.

cite as: 42 CFR 423.420