Louisiana SB323 amends penalties for violations of the Louisiana Insurance Code, particularly concerning pharmacy benefits.
Louisiana SB323 modifies penalties for violations of the Louisiana Insurance Code, focusing on pharmacy benefits. The bill sets a monetary penalty of $25,000 for each violation without an aggregate maximum. It also mandates that if a violation is not corrected within 30 days after receiving notice of a cease and desist order, the commissioner must suspend or revoke the violator's license. The bill affects health insurance issuers and pharmacy benefits, aiming to enforce compliance more stringently.
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