Insurance License Hub

The Georgia Pharmacy Benefit Manager license

Pharmacy Benefit Manager

Administers the drug half of a health plan. At $2,000 to apply it is the most expensive application on any schedule this site has read, and the definition ends by excluding the one thing that sounds closest to it: the practice of pharmacy.

Course

None

This license has no pre-licensing course route.

Ways in

1

There is no state exam for this license.

Exam

n/a

Not required on any of the routes below.

Every way to qualify

  1. Route 1 File the bond, the cover, the net worth and the affiliations

    No state exam for this license

    The bond

    • A $100,000 bond in favor of the Commissioner from a corporate surety authorized in Georgia, cancellable only on 30 days' advance notice filed with the Commissioner, and retained for at least a year if the license is inactivated.

    and errors and omissions cover

    • Errors and omissions coverage of $250,000 written by an insurer authorized in Georgia, for a term of at least one year, cancellable only on 60 days' advance notice filed with the Commissioner.

    and net worth and affiliation

    • A minimum net worth of $200,000 shown on audited financials, and the Office's Pharmacy Benefits Manager Notice of Affiliation form.

    O.C.G.A. 33-64-1 defines a pharmacy benefit manager as a person or entity performing pharmacy benefit management, being the administration of a plan or program that pays for, reimburses and covers the cost of drugs, devices or pharmacy care to insureds on behalf of a health plan, "This does not include the practice of pharmacy as defined in O.C.G.A. 26-4-4."There is no examination and no course. $2,000 and a $5 processing fee to apply and $1,000 and $5 to renew by 1 May, with a late fee of $15 per day from 2 May through 30 June and inactivation after that. Oklahoma charges $1,000 to apply and $500 a year and bands its bond by covered lives; Georgia charges twice as much and fixes the bond.

    Read at the Department on 2026-08-20

No national seller sells a course for this license, which is what a license with no examination and a $200,000 net worth test looks like.