There is a newer version of this Section
2018 Alaska Statutes
Title 21. Insurance
Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers
Article 9. Pharmacy Benefits Managers.
Sec. 21.27.901. Registration of pharmacy benefits managers; scope of business practice. [Effective July 1, 2019.]
Universal Citation: AK Stat § 21.27.901 (2018)
(a) A person may not conduct business in the state as a pharmacy benefits manager unless the person is registered with the director as a third-party administrator under AS 21.27.630.
(b) A pharmacy benefits manager registered under AS 21.27.630 may
(1) contract with an insurer to administer or manage pharmacy benefits provided by an insurer for a covered person, including claims processing services for and audits of payments for prescription drugs and medical devices and supplies;
(2) contract with network pharmacies;
(3) set the cost of multi-source generic drugs under AS 21.27.945; and
(4) adjudicate appeals related to multi-source generic drug reimbursement.
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