The commissioner may waive the requirements of section 510.21 for any person or class of persons. The factors taken into account in granting a waiver shall include, but are not limited to whether: 1. The person acting as a third-party administrator isprimarily in a business other than that of a third-party administrator. 2. The financial strength and history of the organization indicates stability in itscontinuity of doing business. 3. The regular duties being performed as a third-party administrator are such that the covered persons are not likely to be injured by a waiver of such requirements.
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