Requires pharmacy benefit managers to apply for a certificate of authority from the department of business regulation to operate such a business in this state. Empowers director of DBR to oversee all pharmacy benefit managers and penalize violations.

INSURANCE -- PHARMACY BENEFIT MANAGERS ACT - Requires pharmacy benefit managers to apply for a certificate of authority from the department of business regulation to operate such a business in this state. Empowers director of DBR to oversee all pharmacy benefit managers and penalize violations.