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 that healthcare providers (like doctors' offices and pharmacies) must use to request insurance approval for prescription drugs. Insurance companies must accept this uniform form in both paper and digital formats when providers seek coverage for medications. The key change eliminates the current patchwork of different forms used by various insurers, aiming to simplify and speed up the approval process for patients needing covered prescriptions. This directly affects healthcare providers submitting requests and insurers processing those requests.