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2022 Nevada Revised Statutes
Chapter 683A - Persons Involved in Sale or Administration of Insurance
NRS 683A.178 - Obligation of pharmacy benefit manager to third party or pharmacy; notice of conflicts of interest.
Universal Citation: NV Rev Stat § 683A.178 (2022)
1. A pharmacy benefit manager has an obligation of good faith and fair dealing toward a third party or pharmacy when performing duties pursuant to a contract to which the pharmacy benefit manager is a party. Any provision of a contract that waives or limits that obligation is against public policy, void and unenforceable.
2. A pharmacy benefit manager shall notify a third party with which it has entered into a contract in writing of any activity, policy or practice of the pharmacy benefit manager that presents a conflict of interest that interferes with the obligations imposed by subsection 1.
(Added to NRS by 2017, 4308; A 2019, 4032)
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