Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 7. CORPORATE AND FINANCIAL REGULATION |
SUBCHAPTER P. ADMINISTRATORS |
SECTION 7.1603. Certificate of Authority Required
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(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. 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