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Georgia Requires Pharmacy Benefit Managers To Post Bond

by Surety Admin 4. September 2010 11:02
Georgia SB 310 requires pharmacy benefit managers to be licensed and post a $100,000 surety bond from a corporate surety insurer authorized to transact insurance in the State. Sureties could cancel the bond with 30 days advance written notice. The other terms of the bond will be determined by regulations. A $250,000 minimum errors and omissions insurance policy or “other appropriate liability insurance” also is required.
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Surety Blog Categories:  Commercial Bonds | Surety Law Changes

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