{"data":{"id":"us-la/rs-40-2864","jurisdiction":"us-la","citation":"RS 40:2864","heading":"Duties of pharmacy benefit managers","body":"A. A pharmacy benefit manager shall owe the beneficiaries of any pharmacy benefit management plan administered by the pharmacy benefit manager and to the entities that have entered into a contract with the pharmacy benefit manager the duties of good faith, honesty, trust, confidence, and candor.\nB. The standard for the fulfillment of a pharmacy benefit manager's duties shall be to act with a high degree of care, skill, prudence, and diligence required of a reasonable and prudent person with substantial experience and expertise in the management of pharmacy benefit management plans and payment of claims.\nC. Failure of a pharmacy benefit manager to satisfy the duties established in this Section shall not create a separate or independent cause of action nor shall it be construed to prohibit any cause of action established by or recognized in federal or state law.","path":["TITLE 40. PUBLIC HEALTH AND SAFETY"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=1147612","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:01:29Z","sha256":"3191570a03b48d3906e3287f361d4e1ec5786db410a3c1629f46833b471c6ff9","source_id":"us-la","stale":false,"prev":"us-la/rs-40-2863","next":"us-la/rs-40-2865"},"notice":"GroundRules: Original legal text. Not legal advice."}