The Arkansas Insurance Department has issued the first two licenses under the 2018 Arkansas Pharmacy Benefits Manager Licensure Act —one to Aetna Health Management LLC and one to CaremarkPCS Health LLC.
Aetna Health Management is based in Hartford, Connecticut. The company does business in Arkansas as Aetna Pharmacy Management and is registered as a Foreign Limited Liability Company with the Secretary of State.
CaremarkPCS Health, of Scottsdale, Arizona, does business in Arkansas as CVS Caremark and is registered as a Foreign Limited Liability Company.
In addition to the two licenses granted, Arkansas Insurance Commissioner Allen Kerr granted a 60-day conditional license to OptumRX effective January 1 pending the department’s completion of the company’s license application.
Act 3 of the Second Extraordinary Session of 2018 passed the Arkansas General Assembly on March 15, 2018, and was signed into law by Gov. Asa Hutchinson on March 20.
Source: AID
Was this article valuable?
Here are more articles you may enjoy.
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business 
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
Bipartisan Legislation Introduced to Retroactively Restore NFIP 
