Section 19-03.6-01 - DefinitionsFor the purposes of this chapter:
1. "Entity" means a managed care company, an insurance company, a third-party payer, a pharmacy benefits manager, or any other organization that represents an insurance company, a third-party payer, or a pharmacy benefits manager. 2. "Insurance company" includes any corporation, association, benefit society, exchange, partnership, or individual engaged as principal in the business of insurance. 3. "Managed care company" is an entity that handles both health care and health care financing. 4. "Pharmacy benefits manager" means a person that performs pharmacy benefits management and includes any other person acting for such person under a contractual or employment relationship in the performance of pharmacy benefits management for a managed care company, nonprofit hospital or medical service organization, insurance company, third-party payer, or health program administered by a state agency. 5. "Plan sponsor" means the employer in the case of an employee benefit plan established or maintained by a single employer, or the employee organization in the case of a plan established or maintained by an employee organization, an association, joint board of trustees, committee, or other similar group that establishes or maintains the plan. 6. "Third-party payer" means an organization other than the patient or health care provider involved in the financing of personal health services.Added by S.L. 2011, ch. 166 (HB 1418),§ 1, eff. 8/1/2012.