South Carolina § 38-71-2310 Definitions.

South Carolina Statutes

§ 38-71-2310 — Definitions.

South Carolina § 38-71-2310

Title 38INSURANCE

Ch. 71ACCIDENT AND HEALTH INSURANCE

This text of South Carolina § 38-71-2310 (Definitions.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-71-2310 (2026).

Text

As used in this article:

(1)"Pharmacist" has the same meaning as provided in Section 40-43-30.

(2)"Pharmacy" has the same meaning as provided in Section 40-43-30.

(3)"Pharmacy services" has the same meaning as provided in Section 38-71-2200(8).

(4)"Pharmacy benefits manager" or "PBM" has the same meaning as provided in Section 38-71-2200(10).

(5)"Pharmacy Services Administrative Organization" (PSAO) means an entity that has contracted with pharmacy clients in the State to conduct business on their behalf with third-party payers or pharmacy benefits managers. PSAOs provide administrative services to pharmacies and negotiate and enter into contracts with third-party payers or pharmacy benefits managers on behalf of pharmacies.

(6)"PSAO-pharmacy contract" means a contractual agreement b

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As used in this article: (1) "Pharmacist" has the same meaning as provided in Section 40-43-30. (2) "Pharmacy" has the same meaning as provided in Section 40-43-30. (3) "Pharmacy services" has the same meaning as provided in Section 38-71-2200(8). (4) "Pharmacy benefits manager" or "PBM" has the same meaning as provided in Section 38-71-2200(10). (5) "Pharmacy Services Administrative Organization" (PSAO) means an entity that has contracted with pharmacy clients in the State to conduct business on their behalf with third-party payers or pharmacy benefits managers. PSAOs provide administrative services to pharmacies and negotiate and enter into contracts with third-party payers or pharmacy benefits managers on behalf of pharmacies. (6) "PSAO-pharmacy contract" means a contractual agreement between a PSAO and a pharmacy by which a PSAO agrees to negotiate with third-party payers or pharmacy benefits managers on behalf of a pharmacy.

Legislative History

HISTORY: 2023 Act No. 30 (S.520), SECTION 3, eff January 1, 2024. Code Commissioner's Note At the direction of the Code Commissioner, incorrect references to subsections in Section 40-43-30 were removed. Editor's Note 2023 Act No. 30, SECTION 7, provides as follows: "SECTION 7. This act takes effect January 1, 2024, but the recurring examinations by the Department of Insurance provided for in Sections 38-71-2250(B)(1) and 38-71-2340(B)(1) must not begin before January 1, 2025."