™Your Policy Risk Impact Agent
30 chapters · 1,003 sections in this title.
N.J.S.A. 17B:27F-1 Definitions.
5.4K chars
17B:27F-1 Definitions. 1. As used in P.L.2015, c.179 (C.17B:27F-1 et seq.): "Anticipated loss ratio" means the ratio of the present value of the future benefits payments, including claim offsets after the point of sale, to the present value of the future premiums of a policy form…
N.J.S.A. 17B:27F-1.1 Pharmacy benefits manager, license, pharmacy services administrative, registration.
6.2K chars
17B:27F-1.1 Pharmacy benefits manager, license, pharmacy services administrative, registration. 2. a. A corporation, business, or other entity shall not act as a pharmacy benefits manager without first obtaining a license from the department or as a pharmacy services administrati…
N.J.S.A. 17B:27F-10 Violations, penalties.
0.8K chars
17B:27F-10 Violations, penalties. 7. a. A pharmacy benefits manager that violates any provision of P.L.2015, c.179 (C.17B:27F-1 et seq.) shall be subject to a penalty in an amount not exceeding the greater of: (1) a penalty of $5,000 for a first violation and a penalty of $10,000…
N.J.S.A. 17B:27F-2 Duties, pharmacy benefits manager, contracts.
2.4K chars
17B:27F-2 Duties, pharmacy benefits manager, contracts. 2. Upon execution or renewal of each contract, or at such a time when there is any material change in the term of the contract, a pharmacy benefits manager shall, with respect to contracts between a pharmacy benefits manager…
