Indiana § 27-1-50-7 "Rebate"

Indiana Statutes

§ 27-1-50-7 — "Rebate"

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 50 Group Prescription Drug Rebates

As used in this chapter, "rebate" means:

(1)a discount or other negotiated price concession, including base price concessions (whether described as a rebate or otherwise) and reasonable estimates of price protection rebates, and performance based price concessions, that may accrue directly or indirectly or are anticipated to be passed through to an insurer during the coverage year from a manufacturer, dispensing pharmacy, or other party concerning the dispensing or administration of a prescription drug; and

(2)a reasonable estimate of any negotiated price concession, fee, or other administrative cost that is passed through, or is reasonably anticipated to be passed through, to the insurer and serves to reduce the insurer's liability for a prescription drug.

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As used in this chapter, "rebate" means:
(1) a discount or other negotiated price concession, including base
price concessions (whether described as a rebate or otherwise)
and reasonable estimates of price protection rebates, and
performance based price concessions, that may accrue directly or
indirectly or are anticipated to be passed through to an insurer
during the coverage year from a manufacturer, dispensing
pharmacy, or other party concerning the dispensing or
administration of a prescription drug; and
(2) a reasonable estimate of any negotiated price concession, fee,
or other administrative cost that is passed through, or is
reasonably anticipated to be passed through, to the insurer and
serves to reduce the insurer's liability for a prescription drug.

Indiana § 27-1-50-7 ("Rebate") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.