Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 510B - REGULATION OF PHARMACY BENEFITS MANAGERS > 510B.4 - PERFORMANCE OF DUTIES -- GOOD FAITH -- CONFLICT OF INTEREST.

510B.4 - PERFORMANCE OF DUTIES -- GOOD FAITH -- CONFLICT OF INTEREST.

        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.
         Section History: Recent Form
         2007 Acts, ch 193, §4, 9