The TPA must: (1) Have adequate personnel on staff to
handle the volume and type of work. The TPA may subcontract
for services not provided by the TPA, but requested from
the self-insurer; (2) Be financially solvent, and must
report its financial statements on an annual basis to the
Commission in an approved form and manner; (3) Maintain an
adequate Errors and Omissions policy; (4) Maintain an
adequate Fidelity Bond; (5) Establish claims reserves at
the most likely outcome. Best case reserving is not
allowed. (6) Retain its independence when setting claim
reserves. The TPA shall not let the self-insurer influence
the amount of the reserve or the closing of a claim; (7)
Maintain an Oklahoma office, if handling a group
self-insurance association program;