Arkansas § 23-92-502 Purpose

Arkansas Statutes

§ 23-92-502 — Purpose

Arkansas § 23-92-502

Title23

This text of Arkansas § 23-92-502 (Purpose) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-92-502 (2026).

Text

(a)This subchapter establishes the standards and criteria for the regulation and licensure of pharmacy benefits managers providing claims processing services or other prescription drug or device services for health benefit plans.

(b)The purpose of this subchapter is to:

(1)Promote, preserve, and protect the public health, safety, and welfare through effective regulation and licensure of pharmacy benefits managers;

(2)Provide for powers and duties of the Insurance Commissioner, the State Insurance Department, and other state agencies and officers; and (3) Prescribe penalties and fines for violations of this subchapter.

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(a) This subchapter establishes the standards and criteria for the regulation and licensure of pharmacy benefits managers providing claims processing services or other prescription drug or device services for health benefit plans. (b) The purpose of this subchapter is to: (1) Promote, preserve, and protect the public health, safety, and welfare through effective regulation and licensure of pharmacy benefits managers; (2) Provide for powers and duties of the Insurance Commissioner, the State Insurance Department, and other state agencies and officers; and (3) Prescribe penalties and fines for violations of this subchapter.