An Act to strengthen pharmacy benefit management: The commissioner shall promulgate regulations for the licensing of pharmacy benefit managers providing services in the Commonwealth, which shall consist of, but not be limited to, provisions which:

1. Require a minimum standard of qualification or accreditation

2. Minimize actual or potential conflicts of interest

3. Provide for regular audits of the operations and activities of entities licensed hereunder

4. Provide a mechanism for the submission of, hearing, and disposition of claims of unfair practices by such licenses