Rule 120-2-97-.02. Scope and purpose

1. (1) This Regulation applies to any pharmacy benefits manager as defined in O.C.G.A. § 33-64-1.

2. (2) The purposes of this Regulation include:

   1. (a) Providing the regulation and licensure of pharmacy benefits managers;
   2. (b) Promoting the financial responsibility of pharmacy benefits managers;
   3. (c) To protect the interests of the enrolled public;
   4. (d) To provide means by which to govern, regulate, and monitor the conduct of pharmacy benefits managers;
   5. (e) Subjecting those business entities defined in O.C.G.A. § 33-64-1 to the jurisdiction of the Commissioner of Insurance; and
   6. (f) Regulating pharmacy benefits managers' practices in conformity with the general purposes of the Georgia Insurance Code.

Authority: O.C.G.A. §§ 33-2-9, 33-64-7.

History. Original Rule entitled "Scope and Purpose" adopted. F. March 16, 2011; eff. April 5, 2011.

Repealed: New Rule with same titled adopted. F. Dec. 7, 2020; eff. Jan. 1, 2021, as specified by the Agency.