Kentucky Statutes 304.17A-740 – Definitions for KRS 304.17A-740 to 304.17A-743
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(1) As used in KRS § 304.17A-740 to KRS § 304.17A-743, unless the context otherwise requires:
(a) “Administrator” has the meaning provided in KRS § 304.9-051;
(b) “Auditing entity” means an insurer or an administrator that conducts or arranges for the performance of an audit of a pharmacy’s records for the purpose of determining compliance with pharmacy benefit requirements; and
(c) “Insurer” has the meaning provided in KRS § 304.17A-005.
(2) A provider agreement or provider contract between a pharmacy and an insurer, an agency of the Commonwealth, a pharmacy benefits administrator, or a pharmacy benefits manager that allows an audit of the pharmacy’s records by an auditing entity shall comply with KRS § 304.17A-741 and KRS § 304.17A-743.
Effective: June 25, 2009
History: Created 2009 Ky. Acts ch. 76, sec. 1, effective June 25, 2009.
(a) “Administrator” has the meaning provided in KRS § 304.9-051;
Terms Used In Kentucky Statutes 304.17A-740
- Contract: A legal written agreement that becomes binding when signed.
- Insurer: means any insurance company. See Kentucky Statutes 304.17A-005
- provider: means any:
(a) Advanced practice registered nurse licensed under KRS Chapter 314. See Kentucky Statutes 304.17A-005
(b) “Auditing entity” means an insurer or an administrator that conducts or arranges for the performance of an audit of a pharmacy’s records for the purpose of determining compliance with pharmacy benefit requirements; and
(c) “Insurer” has the meaning provided in KRS § 304.17A-005.
(2) A provider agreement or provider contract between a pharmacy and an insurer, an agency of the Commonwealth, a pharmacy benefits administrator, or a pharmacy benefits manager that allows an audit of the pharmacy’s records by an auditing entity shall comply with KRS § 304.17A-741 and KRS § 304.17A-743.
Effective: June 25, 2009
History: Created 2009 Ky. Acts ch. 76, sec. 1, effective June 25, 2009.