South Carolina General Assembly
125th Session, 2023-2024
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Indicates Matter Stricken
Indicates New Matter
S. 1027
STATUS INFORMATION
Joint Resolution
Sponsors: Banking and Insurance Committee
Document Path: LC-0608WAB-DBS24.docx
Introduced in the Senate on February 6, 2024
Currently residing in the Senate Committee on Banking and Insurance
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 2/6/2024 | Senate | Introduced, read first time, placed on calendar without reference (Senate Journal-page 5) |
| 2/22/2024 | Senate | Recommitted to Committee on Banking and Insurance (Senate Journal-page 15) |
View the latest legislative information at the website
VERSIONS OF THIS BILL
Introduced
February 06, 2024
S. 1027
Introduced by Senate - Banking and Insurance
S. Printed 02/06/24--S.
Read the first time February 06, 2024
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A JOINT RESOLUTION
TO APPROVE REGULATIONS OF THE Department of Insurance, RELATING TO Pharmacy Benefits ManAgers, DESIGNATED AS REGULATION DOCUMENT NUMBER 5240, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The regulations of the Department of Insurance, relating to Pharmacy Benefits Managers, designated as Regulation Document Number 5240, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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SUMMARY AS SUBMITTED
BY PROMULGATING AGENCY.
The Department is proposing to amend Regulation 69-77 to reflect amendments to the laws governing PBMs during the 2023 legislative session and outline the new requirement regarding an external review procedure for Pharmacy Benefit Manager Appeal Denials and Pharmacy Benefit Manager Audits through the Department of Insurance. This regulation supports Section 38-71-2240 and Section 38-71-1810(22) which was amended during the 2023 legislative session and directs the Department to promulgate regulations that outline this procedure.
The Notice of Drafting was published in the State Register on July 28, 2023.
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This web page was last updated on May 28, 2024 at 12:35 PM