Section 3361A - DefinitionsFor purposes of this subchapter:
(1) "Claim" means as defined under § 3321A of this title.(2) "Insured" means an individual covered by health insurance offered by an insurer.(3) "Insurer" means as defined under § 3321A of this title.(4) "Pharmacist" means as defined under § 2502 of Title 24.(5) "Pharmacy" means as defined under § 2502 of Title 24.(6) "Pharmacy benefits manager" means as defined under § 3302A of this title.(7) "Pharmacy benefits manager network" means a network of pharmacists or pharmacies that are offered by an agreement or contract to provide pharmacy goods or services.(8) "Pharmacy goods or services" means as defined under § 3325A of this title.(9)a. "Rebate" means a discount or other price concession, or a payment that is both of the following: 1. Based on utilization of a prescription drug.2. Paid by a manufacturer or third party, directly or indirectly, to the pharmacy benefits manager, pharmacy services administrative organization, or pharmacy after a claim has been processed and paid at a pharmacy.b. "Rebate" includes incentives, disbursements, and reasonable estimates of a volume-based or category-based discount.Added by Laws 2021, ch. 256,s 12, eff. 10/26/2021.