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 may cancel the bond with 30 days advance written notice. The other terms of the bond will be determined by regulations. A minimum $250,000 errors and omissions insurance policy or “other appropriate liability insurance” also is required. The new law becomes effective on January 15, 2011.