{"data":{"id":"us/48-cfr-1642.7001","jurisdiction":"us","citation":"48 CFR 1642.7001","heading":"1642.7001 Management agreement.","body":"When it is in the best interest of FEHBP enrollees to continue a contract for an interim period after the carrier discontinues its operations and has entered into a Purchase and Sale Agreement (or other descriptive term), but before a successor in interest has been recognized by OPM, the carrier may submit for OPM approval a Management Agreement that enables it to continue a contract through an agreement with a third party to administer the day-to-day performance of the contract. Examples of situations in which a Management Agreement may be accepted by OPM are:\n(a) When a transfer of assets does not meet the criteria for a novation;\n(b) While a request for a novation is pending;\n(c) While awaiting a decision on a request for a novation;\n(d) As an interim measure, when the timing of a transfer of assets or the timing of a carrier's withdrawal make administration of the contract inconvenient;\n(e) When it is not in the interests of the Government to either recognize a successor in interest or to immediately terminate the existing FEHBP contract.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 16—OFFICE OF PERSONNEL MANAGEMENT FEDERAL EMPLOYEES HEALTH BENEFITS ACQUISITION REGULATION","SUBCHAPTER G—CONTRACT MANAGEMENT","PART 1642—CONTRACT ADMINISTRATION","Subpart 1642.70—Management Agreement (in Lieu of Novation Agreement)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"c258034bdfa7d142d638d0ec43caea1e310058d7780d3110b1dced0d380f3b8e","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-1642.1205","next":"us/48-cfr-1643.205-70"},"notice":"GroundRules: Original legal text. Not legal advice."}