(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Prior Authorization Transparency Act Trust Fund”.
(b) The fund shall consist of all moneys received by the Insurance Commissioner for the fines under § 23-99-1116.
(c) (1) The fund shall be administered by and disbursed at the direction of the commissioner.(2) Moneys shall not be appropriated from the fund for any purpose except:(A) To inform and educate healthcare providers and subscribers about the requirements of the Prior Authorization Transparency Act, § 23-99-1101 et seq.; and(B) To improve the ability of the State Insurance Department to:(i) Assess compliance with the Prior Authorization Transparency Act, § 23-99-1101 et seq.;(ii) Assess compliance with other laws and regulations applicable to healthcare insurers and utilization review entities; and(iii) Improve enforcement of state law and rules applicable to a healthcare insurer, utilization review entity, healthcare contracting entity, and other related entities.
(1) The fund shall be administered by and disbursed at the direction of the commissioner.
(2) Moneys shall not be appropriated from the fund for any purpose except:(A) To inform and educate healthcare providers and subscribers about the requirements of the Prior Authorization Transparency Act, § 23-99-1101 et seq.; and(B) To improve the ability of the State Insurance Department to:(i) Assess compliance with the Prior Authorization Transparency Act, § 23-99-1101 et seq.;(ii) Assess compliance with other laws and regulations applicable to healthcare insurers and utilization review entities; and(iii) Improve enforcement of state law and rules applicable to a healthcare insurer, utilization review entity, healthcare contracting entity, and other related entities.
(A) To inform and educate healthcare providers and subscribers about the requirements of the Prior Authorization Transparency Act, § 23-99-1101 et seq.; and
(B) To improve the ability of the State Insurance Department to:(i) Assess compliance with the Prior Authorization Transparency Act, § 23-99-1101 et seq.;(ii) Assess compliance with other laws and regulations applicable to healthcare insurers and utilization review entities; and(iii) Improve enforcement of state law and rules applicable to a healthcare insurer, utilization review entity, healthcare contracting entity, and other related entities.
(i) Assess compliance with the Prior Authorization Transparency Act, § 23-99-1101 et seq.;
(ii) Assess compliance with other laws and regulations applicable to healthcare insurers and utilization review entities; and
(iii) Improve enforcement of state law and rules applicable to a healthcare insurer, utilization review entity, healthcare contracting entity, and other related entities.
(d) All moneys deposited into the fund shall not be subject to a deduction, tax, levy, or other type of assessment.