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23-92-502. Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-92-502. Purpose.
(a) This subchapter establishes the standards and criteria for the regulation and licensure of pharmacy benefits managers providing claims processing services or other prescription drug or device services for health benefit plans.
(b) The purpose of this subchapter is to:
(1) Promote, preserve, and protect the public health, safety, and welfare through effective regulation and licensure of pharmacy benefits managers;
(2) Provide for powers and duties of the Insurance Commissioner, the State Insurance Department, and other state agencies and officers; and
(3) Prescribe penalties and fines for violations of this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-92-502
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-92-502
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8b97a52ebc3b4c6012d9f934d53756ec1f1910c041c9e0481058539c8cf51055
Source location: content.xml paragraph 56137
Stored source content
23-92-502. Purpose.
(a) This subchapter establishes the standards and criteria for the regulation and licensure of pharmacy benefits managers providing claims processing services or other prescription drug or device services for health benefit plans.
(b) The purpose of this subchapter is to:
(1) Promote, preserve, and protect the public health, safety, and welfare through effective regulation and licensure of pharmacy benefits managers;
(2) Provide for powers and duties of the Insurance Commissioner, the State Insurance Department, and other state agencies and officers; and
(3) Prescribe penalties and fines for violations of this subchapter.
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