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TX HB3508

Bill

Official Source

Status

Introduced

2/28/2025

Primary Sponsor

Trey Wharton

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Requires insurers to conduct semiannual reviews of third-party administrator operations when the administrator manages benefits for more than 100 certificate holders, injured employees, plan participants, or policyholders

  • Changes the audit requirement from semiannual to biennial (every two years) for insurers overseeing third-party administrators meeting the 100-person threshold

  • Removes the requirement that audits of third-party administrators be conducted on-site, allowing for remote or alternative audit methods

  • Effective date: September 1, 2025

Legislative Description

Relating to an insurer's responsibility to review and audit a third-party administrator.

Insurance

Last Action

Laid on the table subject to call

5/1/2025

Committee Referrals

Insurance3/24/2025

Full Bill Text

No bill text available