SB522 H B&I AM #1

Reed 3253


The Committee on Banking and Insurance moves to amend the bill on page 9, section 7, line 25, by striking all of subdivision (1) and inserting in lieu thereof the following:

(1) A licensed insurer or other entity licensed by the Commissioner pursuant to this chapter shall comply with the standards and procedures of this article but shall not be required to separately register as either a pharmacy benefits manager or auditing entity.