The director may recognize accreditation by one or more nationally recognized private accrediting entities, with established and maintained standards, as evidence of meeting some or all of the requirements of the Health Care Professional Credentialing Verification Act. A recognized accrediting entity shall make available to the director its current standards to demonstrate that the entity’s standards meet or exceed this state‘s requirements. The health carrier may provide the director with documentation that a managed care plan has been accredited by the entity.