- (a) Unless otherwise defined in this section, the definitions in the Arkansas Pharmacy Benefits Manager Licensure Act, Arkansas Code § 23-92-501 et seq., shall apply to the provisions in this part.
(b) As used in this part:
- (1) “Fair and reasonable pharmacy compensation program” means the Insurance Commissioner’s determination of whether a current or proposed health benefit plan’s pharmacy reimbursements result in an adequate network of pharmacies for a health benefit plan; and
- (2) “Subscriber” means an insured, enrollee, or certificate holder of a health benefit plan as defined under Arkansas Code § 23-92-503(2).