(a) A vendor that contracts with the Employee Benefits Division under this subchapter and a fiscal impact is required shall agree to verify the accuracy of the data the vendor provides to the state.
(b) The division shall not contract with a vendor for services for the division that does not agree to submit to an independent audit process to verify the accuracy of the vendor's data.
(c) The Director of the Employee Benefits Division:(1) Shall develop an independent audit process to verify the accuracy of the data a vendor provides to the state; and(2) May request a vendor submit to an independent audit process.
(1) Shall develop an independent audit process to verify the accuracy of the data a vendor provides to the state; and
(2) May request a vendor submit to an independent audit process.
(d) A vendor that is found through the independent audit process under subdivision (c)(2) of this section to have provided inaccurate data to the state is subject to:(1) A civil penalty of:(A) Five hundred dollars ($500) for a first violation; and(B) One thousand dollars ($1,000) for each subsequent violation; and(2) Loss of licensure or authorization to operate in this state.
(1) A civil penalty of:(A) Five hundred dollars ($500) for a first violation; and(B) One thousand dollars ($1,000) for each subsequent violation; and
(A) Five hundred dollars ($500) for a first violation; and
(B) One thousand dollars ($1,000) for each subsequent violation; and
(2) Loss of licensure or authorization to operate in this state.
(e) The director shall promulgate rules to implement this section.