Requires Commissioner of Banking and Insurance to develop standard prior authorization form for prescription drug benefits for use by network providers.

This bill requires New Jersey's Commissioner of Banking and Insurance to create a single, standardized form for network providers (like doctors and pharmacies) to request prior authorization for prescription drug coverage. Payers (insurance companies) must accept this standard form in both paper and electronic formats for all prescription drug benefit requests. The law directly affects providers needing authorization and payers handling those requests, replacing inconsistent forms with a uniform system. It aims to simplify the process for healthcare providers seeking insurance coverage approval for medications. The bill takes effect immediately upon enactment.