- A. Every Pharmacy Benefit Manager shall keep its corporate and business records as originals or as copies of the originals made by reproduction methods that accurately preserve the records.
- B. Notwithstanding the confidential nature of a pharmacy benefit manager’s information, the Director of the Department may use the information in any proceedings instituted against the pharmacy benefit manager by the Department.
- C. The Pharmacy Benefit Manager shall keep its records for the periods required in Table 1. Pharmacy Benefit Manager Retention Schedule. This Section does not prohibit record retention for longer periods than required. This Section does not prohibit a Pharmacy Benefit Manager from keeping any other type of record not required.
- D. A Pharmacy Benefit Manager shall pay the costs of review of its records to determine compliance by the Department.
Table 1. Pharmacy Benefit Manager Retention Schedule
| Type of Record | Retention Period (Years) |
| Pharmacy Benefit Plan | 5 |
| Utilization Review Plan | Continuous |
Historical Note
Table 1 made by final rulemaking at 31 A.A.R. 4446 (November 28, 2025), effective January 4, 2026 (Supp. 25-4).
Historical Note
New Section made by final rulemaking at 31 A.A.R. 4446 (November 28, 2025), effective January 4, 2026 (Supp. 25-4).