Nebraska Statutes 44-4604. Act; applicability; how construed; licensure conditions; contract requirements
Current as of: 2023 | Check for updates
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(1) The Pharmacy Benefit Manager Licensure and Regulation Act applies to any contract or health benefit plan issued, renewed, recredentialed, amended, or extended on or after January 1, 2023, including any health carrier that performs a claims processing service or other prescription drug or device service through a third party.
Terms Used In Nebraska Statutes 44-4604
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(2) As a condition of licensure, any contract in existence on the date a pharmacy benefit manager receives its license to do business in this state shall comply with the requirements of the act.
(3) Nothing in the act is intended or shall be construed to conflict with existing relevant federal law.