Section 4151.0021 - Applicability to Certain Processing Agents(a) In this section, "processing agent" means a person described by Section 413.0111, Labor Code.(b) A processing agent is not an administrator for purposes of this chapter if the processing agent is acting as an assignee of a pharmacy and if:(1) the assignee has a written contract with the pharmacy to: (A) act as the provider of licensed pharmacy services in lieu of the pharmacy; and(B) purchase the pharmacy's claims at face value, or at a value expressly stated in the contract; and(2) the contract specifically prohibits the assignee from performing any function of an administrator, as that term is defined in this chapter, unless the assignee holds a certificate of authority under this chapter.Tex. Ins. Code § 4151.0021
Added by Acts 2007, 80th Leg., R.S., Ch. 1176, Sec. 1.03, eff. 9/1/2007.