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Question
A third-party administrator (TPA) is an organisation associated with the claim settlement process in the
Options:
A .  Commodity market
B .  Insurance industry
C .  Exchange markets
D .  Mutual fund industry
Answer: Option B
Answer: (b)A Third Party Administrator (TPA) is an Insurance Regulatory Development Authority (IRDA) registered company or an organization that processes insurance claims on behalf of insurance companies.

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