Rule 120-2-97-.02 - Scope and purpose(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.Ga. Comp. R. & Regs. R. 120-2-97-.02
O.C.G.A. §§ 33-2-9, 33-64-7.
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Repealed: New Rule with same titled adopted.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.