(a) Unless a person meets an exemption under Insurance
Code §§4151.002, concerning Exemptions, 4151.004, concerning
Applicability to Certain Insurers and Health Maintenance Organizations,
or 4151.0021, concerning Applicability to Certain Processing Agents,
a person acting as or holding themselves out as an administrator must
hold a certificate of authority under Insurance Code Chapter 4151,
concerning Third-Party Administrators.
(b) An administrator contractor and an administrator
subcontractor must hold a certificate of authority under Insurance
Code Chapter 4151.
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Source Note: The provisions of this §7.1603 adopted to be effective June 25, 2009, 34 TexReg 4143; amended to be effective February 6, 2020, 45 TexReg 911; amended to be effective February 29, 2024, 49 TexReg 1094 |