Carrier shall pay for services rendered within 30 days after receipt of a complete claim if submitted electronically or 45 days if submitted by other means. If additional information is required, the carrier shall provide what additional information is needed to resolve the claim.

Link to Existing Law: CRS Title 10 Article 16 Part 1 section 10-16-106.5

While PBMs are not specifically mentioned, they are likely included in the broad definition of applicable entities.