Alaska · Through Alaska Statutes 2025 (34th Legislature, 2025-2026)

AS 21.27.901: Licensure of pharmacy benefits managers; scope of business practice.

(a) A person may not conduct business in the state as a pharmacy benefits manager unless the person is licensed with the director.
(b) A pharmacy benefits manager licensed under this section may
(1) contract with an insurer to administer or manage pharmacy benefits provided by an insurer for a covered person, including claims processing services for and audits of payments for prescription drugs and medical devices and supplies; and
(2) contract with network pharmacies.
(c) A pharmacy benefits manager
(1) shall apply for licensure following the same procedures for licensure set out in AS 21.27.040;
(2) is subject to hearings and orders on violations; denial, nonrenewal, suspension, or revocation of license; penalties; and surrender of license under the procedures set out in AS 21.27.405 — 21.27.460.
(d) Each day that a pharmacy benefits manager conducts business in the state as a pharmacy benefits manager without being licensed is a separate violation of this section, and each separate violation is subject to the maximum civil penalty under AS 21.97.020.

Where this section sits in the code

Title 21. Insurance.
Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers.
Article 9. Pharmacy Benefits Managers.

(a) A person may not conduct business in the state as a pharmacy benefits manager unless the person is licensed with the director.

(b) A pharmacy benefits manager licensed under this section may

(1) contract with an insurer to administer or manage pharmacy benefits provided by an insurer for a covered person, including claims processing services for and audits of payments for prescription drugs and medical devices and supplies; and

(2) contract with network pharmacies.

(1) shall apply for licensure following the same procedures for licensure set out in AS 21.27.040;

(2) is subject to hearings and orders on violations; denial, nonrenewal, suspension, or revocation of license; penalties; and surrender of license under the procedures set out in AS 21.27.405 — 21.27.460.

(d) Each day that a pharmacy benefits manager conducts business in the state as a pharmacy benefits manager without being licensed is a separate violation of this section, and each separate violation is subject to the maximum civil penalty under AS 21.97.020.

Collected 2026-09-02T06:17:40Z. Source file · JSON

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