TourAxiom/US Federal/Regulations/Title 42/Part 423/§ 423.425Licensure does not substitute for or constitute certificationOfficial sourceciteThe fact that a Part D sponsor is State licensed or has a waiver application approved under § 423.410 or § 423.415 does not deem the sponsor to meet other requirements imposed under this part for a Part D sponsor.← Solvency standards for non-licensed entitiesProhibition of State imposition of premium taxes; relation to State laws →