Code of Alabama - Title 27: Insurance - Chapter 45A - Alabama Pharmacy Benefits Manager Licensure and Regulation Act

• Section 27-45A-1 Short title
  This chapter shall be known as and may be cited as the Alabama Pharmacy Benefits Manager Licensure and Regulation Act.
• Section 27-45A-2 Legislative intent
  (a) This chapter establishes the standards and criteria for the regulation and licensure of pharmacy benefits managers providing claims processing services or other prescription drug...
• Section 27-45A-3 Definitions
  For purposes of this chapter, the following words shall have the following meanings: (1) CLAIMS PROCESSING SERVICES. The administrative services performed in connection with the...
• Section 27-45A-4 Licensure of pharmacy benefits managers
  (a) (1) Effective January 1, 2020, to conduct business in this state, a pharmacy benefits manager must be licensed by the commissioner. To initially obtain...
• Section 27-45A-5 Disclosure of cost share information; discussion and sale of prescription drug alternatives; prohibited payment practices
  (a) A pharmacy or pharmacist may provide a covered person with information regarding the amount of the covered person's cost share for a prescription drug....
• Section 27-45A-6 Rulemaking authority; fees
  (a) The commissioner may adopt reasonable rules necessary to implement Sections 27-45A-4 and 27-45A-5. (b) The rules adopted under this chapter shall set penalties or...
• Section 27-45A-7 Construction and application of division
  (a) This chapter is applicable to a contract or health benefit plan issued, renewed, recredentialed, amended, or extended on and after January 1, 2020. (b)...

Last modified: May 3, 2021