Effective January 1, 2025. Alaska has established specific requirements under Third-Party Administrators for pharmacy benefit managers that apply to both residents and nonresidents. These include general requirements, penalty fees, and renewal processes. Please see the attachment for more information.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.