North Dakota § 26.1-27.1-05 Contents of pharmacy benefits management agreement - Requirements

North Dakota Statutes

§ 26.1-27.1-05 — Contents of pharmacy benefits management agreement - Requirements

North Dakota § 26.1-27.1-05

Title 26.1Insurance

Ch. 26.1-27.1Pharmacy Benefits Management

This text of North Dakota § 26.1-27.1-05 (Contents of pharmacy benefits management agreement - Requirements) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-27.1-05 (2026).

Text

1.A pharmacy benefits manager shall offer to a covered entity options for the covered entity to contract for services that must include:

a.A transaction fee without a sharing of a payment received by the pharmacy benefits manager;

b.A combination of a transaction fee and a sharing of a payment received by the pharmacy benefits manager; or

c.A transaction fee based on the covered entity receiving all the benefits of a payment received by the pharmacy benefits manager.

2.The agreement between the pharmacy benefits manager and the covered entity must include a provision allowing the covered entity to have audited the pharmacy benefits manager's books, accounts, and records, including de-identified utilization information, as necessary to confirm that the benefit of a payment received by

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1. A pharmacy benefits manager shall offer to a covered entity options for the covered
entity to contract for services that must include:
a. A transaction fee without a sharing of a payment received by the pharmacy
benefits manager;
b. A combination of a transaction fee and a sharing of a payment received by the
pharmacy benefits manager; or
c. A transaction fee based on the covered entity receiving all the benefits of a
payment received by the pharmacy benefits manager.
2. The agreement between the pharmacy benefits manager and the covered entity must
include a provision allowing the covered entity to have audited the pharmacy benefits
manager's books, accounts, and records, including de-identified utilization information,
as necessary to confirm that the benefit of a payment received by the pharmacy
benefits manager is being shared as required by the contract.