Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-97 - PHARMACY BENEFITS MANAGERS REGULATION
Rule 120-2-97-.02 - Scope and purpose
Universal Citation: GA Rules and Regs r 120-2-97-.02
Current through Rules and Regulations filed through September 23, 2024
(1) This Regulation applies to any pharmacy benefits manager as defined in O.C.G.A. § 33-64-1.
(2) The purposes of this Regulation include:
(a) Providing the regulation and licensure of pharmacy benefits managers;
(b) Promoting the financial responsibility of pharmacy benefits managers;
(c) To protect the interests of the enrolled public;
(d) To provide means by which to govern, regulate, and monitor the conduct of pharmacy benefits managers;
(e) Subjecting those business entities defined in O.C.G.A. §
33-64-1 to the jurisdiction of the Commissioner of Insurance; and
(f) Regulating pharmacy benefits managers' practices in conformity with the general purposes of the Georgia Insurance Code.
O.C.G.A. §§ 33-2-9, 33-64-7.
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