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§ 15-1607. Denial, suspension, or revocation of registration

West's Annotated Code of MarylandInsuranceEffective: June 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 16. Pharmacy Benefits Managers (Refs & Annos)
Part II. Registration and Regulation of Pharmacy Benefits Managers
Effective: June 1, 2018
MD Code, Insurance, § 15-1607
§ 15-1607. Denial, suspension, or revocation of registration
Currentness
Grounds for discipline
(a) Subject to the applicable hearing provisions of Title 2 of this article, the Commissioner may deny a registration to a pharmacy benefits manager applicant or refuse to renew, suspend, or revoke the registration of a pharmacy benefits manager if the pharmacy benefits manager, or an officer, director, or employee of the pharmacy benefits manager:
(1) makes a material misstatement or misrepresentation in an application for registration;
(2) fraudulently or deceptively obtains or attempts to obtain a registration;
(3) in connection with the administration of pharmacy benefits management services, commits fraud or engages in illegal or dishonest activities; or
(4) violates any provision of this part or a regulation adopted under this part.
Construction with other regulatory powers of Commissioner
(b) This section does not limit any other regulatory authority of the Commissioner under this article.

Credits

Added by Acts 2008, c. 201, § 1, eff. Oct. 1, 2008; Acts 2008, c. 202, § 1, eff. Oct. 1, 2008. Amended by Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2018, c. 451, § 1, eff. June 1, 2018.
MD Code, Insurance, § 15-1607, MD INSURANCE § 15-1607
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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