Texas Department of Insurance Adopts Changes to Prompt Pay Reporting Requirements
By EsqSocial Corporation 07/06/21
The Texas Department of Insurance (the “Department”) announced earlier today that it has formally adopted its proposed changes to 28 Tex. Admin. Code § 21.2821, which lays out the prompt pay reporting requirements for managed care carriers (“MCC”). As detailed below, the amendment expands the scope of the reporting, but reduces the reporting frequency by clarifying that MCCs no longer have to submit monthly penalty and interest reports to the Department......
By: Mitchell, Williams, Selig, Gates & Woodyard,