Bill > HB1674

This bill, titled the "Pharmacy Benefit Prompt Pay Act, Insurance Administrators and Managing General Agents," aims to bring forward and potentially amend existing Mississippi laws related to pharmacy benefit managers, insurance administrators, and managing general agents. Specifically, it reintroduces sections concerning the "Pharmacy Benefit Prompt Pay Act" (Sections 73-21-151 through 73-21-163), which governs how pharmacy benefit managers (entities that manage prescription drug benefits for health plans) must handle claims and reimbursement, including requirements for timely payment and fair pricing of drugs. It also brings forward sections related to the licensing of insurance administrators (third-party administrators or TPAs, which are companies that handle insurance claims and premiums for insurers) and the "Managing General Agents Act" (Sections 83-18-101 through 83-18-111), which defines and regulates managing general agents (MGAs), who are authorized to underwrite and manage insurance business on behalf of insurers. The purpose of bringing these sections forward is to allow for their potential amendment, suggesting that lawmakers are considering changes to these areas of insurance regulation.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1674.xml