Iowa Code (Last Updated: December 05, 2016) |
Title XIII. COMMERCE |
Chapter 510B. REGULATION OF PHARMACY BENEFITS MANAGERS |
Section 510B.4. Performance of duties — good faith — conflict of interest.
Latest version.
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1. A pharmacy benefits manager shall perform the pharmacy benefits manager’s duties exercising good faith and fair dealing in the performance of its contractual obligations toward the covered entity.
2. A pharmacy benefits manager shall notify the covered entity in writing of any activity, policy, practice ownership interest, or affiliation of the pharmacy benefits manager that presents any conflict of interest.