Insurer shall pay for services rendered within 45 days upon receipt of a written claim or 30 days upon receipt of a electronic claim. If claim is denied, insurer must provide a reason for denying the claim and what, if any, additional information is required within the time necessary to pay a claim.

Link to Existing Law: Tile 41 Ch. 56 section 41-5602

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