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§ 15-2013. Disclosure of ownership or control before entering into contract with independent ph...

West's Annotated Code of MarylandInsuranceEffective: October 1, 2020

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 20. Pharmacy Services Administrative Organizations (Refs & Annos)
Effective: October 1, 2020
MD Code, Insurance, § 15-2013
§ 15-2013. Disclosure of ownership or control before entering into contract with independent pharmacy
In general
(a) Before entering into a pharmacy services administrative contract, a pharmacy services administrative organization shall provide to an independent pharmacy a written disclosure of ownership or control.
Disclosure to include extent of ownership or control
(b) The disclosure required under subsection (a) of this section shall include the extent of any ownership or control by any parent company, subsidiary, or other organization that:
(1) provides pharmacy services;
(2) provides prescription drug or device services; or
(3) manufactures, sells, or distributes prescription drugs, biologics, or medical devices.
Notification of change in ownership or control
(c) A pharmacy services administrative contract shall require a pharmacy services administrative organization to notify an independent pharmacy in writing within 5 working days after any material change in its ownership or control related to any company, subsidiary, or other organization described under subsection (b) of this section.

Credits

Added by Acts 2020, c. 398, § 1, eff. Oct. 1, 2020; Acts 2020, c. 399, § 1, eff. Oct. 1, 2020.
MD Code, Insurance, § 15-2013, MD INSURANCE § 15-2013
Current through legislation effective through May 9, 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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