510B.4 Performance of duties — good faith — conflict of interest.
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.
2007 Acts, ch 193, §4, 9
Structure Iowa Code
Chapter 510B - REGULATION OF PHARMACY BENEFITS MANAGERS
Section 510B.2 - Certification as a third-party administrator required.
Section 510B.3 - Enforcement — rules.
Section 510B.4 - Performance of duties — good faith — conflict of interest.
Section 510B.5 - Contacting covered individual — requirements.
Section 510B.6 - Dispensing of substitute prescription drug for prescribed drug.
Section 510B.7 - Duties to pharmacy network providers.
Section 510B.8 - Pricing methodology for maximum reimbursement amount.
Section 510B.9 - Submission, approval, and use of prior authorization form.