Section 21.27.901 - [Effective Until 1/1/2025] Registration of pharmacy benefits managers; scope of business practice(a) A person may not conduct business in the state as a pharmacy benefits manager unless the person is registered with the director as a third-party administrator under AS 21.27.630.(b) A pharmacy benefits manager registered under AS 21.27.630 may (1) contract with an insurer to administer or manage pharmacy benefits provided by an insurer for a covered person, including claims processing services for and audits of payments for prescription drugs and medical devices and supplies;(2) contract with network pharmacies;(3) set the cost of multi-source generic drugs under AS 21.27.945; and(4) adjudicate appeals related to multi-source generic drug reimbursement.Added by SLA 2018, ch. 100,sec. 5, eff. 7/1/2019. See SLA 2018, ch. 100, sec. 6.This section is set out more than once due to postponed, multiple, or conflicting amendments.