304.17A -740 Definitions for KRS 304.17A -740 to 304.17A -743. (1) As used in KRS 304.17A -740 to 304.17A -743, unless the context otherwise requires: (a) 'Administrator' has the meaning provided in KRS 304.9 -051; (b) 'Auditing entity' means an insurer or an administrator that conducts or arranges for the performance of an audit of a pharmacy's records for the purpose of determining compliance with pharmacy benefit requirements; and (c) 'Insurer' has the meaning provided in KRS 304.17A -005. (2) A provider agreement or provider contract between a pharmacy and an insurer, an agency of the Commonwealth, a pharmacy benefits administrator, or a pharmacy benefits manager that allows an audit of the pharmacy's records by an auditing entity shall comply with KRS 304.17A -741 and 304.17A -743. Effective: June 25, 2009 History: Created 2 009 Ky. Acts ch. 76, sec. 1, effective June 25, 2009.
Kentucky Legal Code