View Our Newest Version Here

2019 Delaware Code
Title 18 - Insurance Code
Chapter 33A. Pharmacy Benefits Managers [For application of this chapter, see 80 Del. Laws, c. 245, §  2]
Subchapter I Pharmacy Audit Integrity Program [For application of this subchapter, see 80 Del. Laws, c. 245, § 2]
§ 3302A Definitions [For application of this section, see 80 Del. Laws, c. 245, § 2].

Universal Citation:
18 DE Code § 3302A (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

For purposes of this subchapter:

(1) “Entity” means a pharmacy benefits manager or any person or organization that represents these companies, groups, or organizations.

(2) “Pharmacy benefits manager” or “PBM” means an entity that contracts with pharmacists or pharmacies on behalf of an insurer or third-party administrator to:

a. Process claims for prescription drugs or medical supplies or provide retail network management for pharmacies or pharmacists;

b. Pay pharmacies or pharmacists for prescription drugs or medical supplies; or

c. Negotiate rebates with manufacturers for drugs paid for or procured as described in this chapter.

(3) “Plan sponsor” has the meaning given in § 4405 of this title.

80 Del. Laws, c. 65, § 1; 80 Del. Laws, c. 245, § 1.

Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.