{"data":{"id":"us-ak/as-21.27.901","jurisdiction":"us-ak","citation":"AS 21.27.901","heading":"Licensure of pharmacy benefits managers; scope of business practice.","body":"(a) A person may not conduct business in the state as a pharmacy benefits manager unless the person is licensed with the director.\n(b) A pharmacy benefits manager licensed under this section may\n(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\n(2) contract with network pharmacies.\n(c) A pharmacy benefits manager\n(1) shall apply for licensure following the same procedures for licensure set out in AS 21.27.040;\n(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.\n(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.","path":["Title 21. Insurance.","Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers.","Article 9. Pharmacy Benefits Managers."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.27.901","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"5ea1d693929b5f56492929ea1ae2cd9a8287d30862c7da5ccea5dfaaedbc4e55","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.27.870","next":"us-ak/as-21.27.903"},"notice":"GroundRules: Original legal text. Not legal advice."}