South Carolina Statutes

§ 38-71-2310 — Definitions.

South Carolina·Title 38 INSURANCE·Ch. 71 ACCIDENT AND HEALTH INSURANCE

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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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."

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