Arkansas § 4-88-803 - Required practices.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-88-803 — Required practices., with citation guidance and answers to common questions.
§ 4-88-803. Required practices.
A PBM, when seeking payment or reimbursement for pharmacist services provided in connection with a pharmacy benefits plan or program or reporting expenditures for pharmacist services provided in connection with a pharmacy benefits plan or program, shall itemize by individual claim: The amount actually paid or to be paid to the pharmacy or pharmacist for the pharmacist services; The identity of the pharmacy or pharmacist actually paid or to be paid; and The prescription number or other identifier of the pharmacist services. A PBM shall pay the amounts it receives for pharmacist services provided in connection with a pharmacy benefits plan or program to the pharmacies or pharmacists that provided the pharmacist services. This section does not: Require a PBM to set specific fees, rates, or schedules for payment for pharmacist services; Prohibit a PBM from charging for any services in addition to pharmacist services; or Require a PBM to pay a pharmacy or pharmacist more on any claim than the amount disclosed under subdivision (a)(1) of this section. Unless otherwise required more frequently by the Insurance Commissioner, a pharmacy benefits manager shall file an annual report with the commissioner providing the information required under subsection (a) of this section pursuant to the timing, format, and requirements issued by rule of the State Insurance Department. The annual report is: Considered proprietary and confidential under § 23-61-107(a)(4) and § 23-61-207; and Not subject to the Freedom of Information Act of 1967, § 25-19-101 et seq. This section is not subject to § 4-88-113(f)(1)(B).
Frequently Asked Questions About Arkansas § 4-88-803
What does Arkansas Code of 1987 Annotated § 4-88-803 cover?
Section 4-88-803 ("Required practices.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 4-88-803?
A common citation format is "Arkansas Code of 1987 Annotated § 4-88-803" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-88-803 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.