Qualified Company Law and Legal Definition

The term "qualified company" means “a company (or consortium of companies or an employee organization defined under section 8901(8) [5 USCS § 8901(8)]) that offers indemnity, preferred provider organization, health maintenance organization, or discount dental programs and if required is licensed to issue applicable coverage in any number of States, taking any subsidiaries of such a company into account (and, in the case of a consortium, considering the member companies and any subsidiaries thereof, collectively).” (5 USCS § 8951)