The bill H. 4796 aims to amend the South Carolina Code of Laws by updating the compliance examination requirements for Pharmacy Services Administrative Organizations and Pharmacy Benefits Managers. Specifically, it modifies Section 38-71-2340 and Section 38-71-2250 to ensure that the examinations conducted by the Department of Insurance are subject to the general examination requirements outlined in Chapter 13, Title 38. This change emphasizes the need for regular audits, which must occur at least once every five years, and mandates that the organizations being examined cover the associated costs.

Additionally, the bill stipulates that any information obtained during these examinations is considered proprietary and confidential, thus exempt from the South Carolina Freedom of Information Act. This provision aims to protect sensitive data while ensuring compliance with state regulations. The act will take effect upon approval by the Governor.

Statutes affected:
12/17/2025: 38-71-2340, 38-71-2250
Latest Version: 38-71-2340, 38-71-2250