Indicates Matter Stricken

Indicates New Matter

Committee Report

February 06, 2024

S. 962

Introduced by Senator Cromer

S. Printed 02/06/24--S.

Read the first time January 16, 2024

________

The committee on Senate Banking and Insurance

To whom was referred a Bill (S. 962) to amend the South Carolina Code of Laws by amending Section 38-71-2330, relating to duties of pharmacy service administrative organizations, so as to remove the, etc., respectfully

Report:

That they have duly and carefully considered the same, and recommend that the same do pass:

RONNIE CROMER for Committee.

________

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-71-2330, RELATING TO DUTIES OF PHARMACY SERVICE ADMINISTRATIVE ORGANIZATIONS, SO AS TO REMOVE THE REQUIREMENT THAT PHARMACY SERVICE ADMINISTRATIVE ORGANIZATIONS MUST ACT AS FIDUCIARIES TO PHARMACIES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.  Section 38-71-2330(A)(1) of the S.C. Code is amended to read:

    (1) act as a fiduciary to a pharmacy and perform its duties to a pharmacy exercising good faith and fair dealing;

SECTION 2.  This act takes effect upon approval by the Governor.

----XX----