Definitions.
S.C. Code Ann. § 38-71-2310
in effectAs used in this article: (1) "Pharmacist" has the same meaning as provided in Section 40-43-30. (2) "Pharmacy" has the same meaning as provided in Section 40-43-30. (3) "Pharmacy services" has the same meaning as provided in Section 38-71-2200(8). (4) "Pharmacy benefits manager" or "PBM" has the same meaning as provided in Section 38-71-2200(10). (5) "Pharmacy Services Administrative Organization" (PSAO) means an entity that has contracted with pharmacy clients in the State to conduct business on their behalf with third-party payers or pharmacy benefits managers. PSAOs provide administrative services to pharmacies and negotiate and enter into contracts with third-party payers or pharmacy benefits managers on behalf of pharmacies. (6) "PSAO-pharmacy contract" means a contractual agreement between a PSAO and a pharmacy by which a PSAO agrees to negotiate with third-party payers or pharmacy benefits managers on behalf of a pharmacy. Code Commissioner's Note At the direction of the Code Commissioner, incorrect references to subsections in Section 40-43-30 were removed. Editor's Note 2023 Act No. 30, SECTION 7, provides as follows: "SECTION 7. This act takes effect January 1, 2024, but the recurring examinations by the Department of Insurance provided for in Sections 38-71-2250(B)(1) and 38-71-2340(B)(1) must not begin before January 1, 2025."
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c071.phpFetched: 10/17/2026