Construction and application of division.

(a) This chapter is applicable to a contract or health benefit plan issued, renewed, recredentialed, amended, or extended on and after January 1, 2020.

(b) A contract existing on the date of licensure of the pharmacy benefits manager shall comply with the requirements of this chapter as a condition of licensure for the pharmacy benefits manager.

(c) Nothing in this chapter is intended or shall be construed to be in conflict with existing relevant federal law.

(Act 2019-457, §7.)