StacksVerified U.S. regulatory reference

42 CFR §423.420

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Establishment and publication. CMS establishes and publishes reasonable financial solvency and capital adequacy standards for entities specified in paragraph (b) of this section.
  2. (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.