{
  "urn": "urn:us-la:rs:40:2864",
  "title_number": "40",
  "section_number": "2864",
  "citation": "R.S. 40:2864",
  "heading": "Duties of pharmacy benefit managers",
  "text": "A. A pharmacy benefit manager shall owe the beneficiaries of any pharmacy benefit management plan administered by the pharmacy benefit manager and to the entities that have entered into a contract with the pharmacy benefit manager the duties of good faith, honesty, trust, confidence, and candor.\n\nB. The standard for the fulfillment of a pharmacy benefit manager's duties shall be to act with a high degree of care, skill, prudence, and diligence required of a reasonable and prudent person with substantial experience and expertise in the management of pharmacy benefit management plans and payment of claims.\n\nC. Failure of a pharmacy benefit manager to satisfy the duties established in this Section shall not create a separate or independent cause of action nor shall it be construed to prohibit any cause of action established by or recognized in federal or state law.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "40",
      "name": "PUBLIC HEALTH AND SAFETY"
    },
    {
      "level": "chapter",
      "number": "36",
      "name": "REGULATION OF PHARMACY BENEFIT MANAGERS"
    }
  ],
  "breadcrumb": "Title 40 › Chapter 36",
  "acts_citations": [
    {
      "act_year": 2019,
      "act_number": 124,
      "section": 3,
      "effective_date": "2020-07-01",
      "effective_date_raw": "July 1, 2020",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2019, No. 124, §3, eff. July 1, 2020.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=1147612",
  "website_law_id": 1147612,
  "scrape_timestamp": "2026-05-22T23:25:52Z",
  "source_html_hash": "sha256:6fb1d6bfadec84bcadd747463d6be913a5d93771a7cf1ebf1ba4456a64a50715",
  "schema_version": "1.0.0"
}