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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.17A-740.Definitions for KRS 304.17A-740 to 304.17A-743

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) As used in KRS 304.17A-740 to 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 304.17A-743.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.17A-740.Definitions for KRS 304.17A-740 to 304.17A-743 - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-17a-740/

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